Description
Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing of funds. When interest is paid on funds borrowed to finance the construction of an asset, which takes significant time to complete, it is capitalised, that is, treated as part of the cost of acquiring the asset, until such time that the asset comes into productive use.
Gautam Sharma (verified owner) –
not bad..helped me a lot..if i see video..willbe better
Shivani Arora (verified owner) –
Very nice. Good book