Question Details

Under iGAAP, assets that qualify for interest capitalization 


True/False
1.	Under international accounting standards, historical cost is the preferred treatment for property, plant, and equipment.

2.	Recently changes to iGAAP require companies to capitalize borrowing costs related to qualifying assets.

3.	Under iGAAP, interest costs incurred during construction of a plant asset cannot be capitalized.

4.	Under iGAAP, if a company uses the revaluation model for fixed assets, companies must revalue the class of assets regularly.

5.	Under iGAAP, assets that qualify for interest capitalization are assets that are in use or ready for their intended use.




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help