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What date can scandium commence the capitalization

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Reference no: EM132814996

Problem 1: The Scandium Company is commencing a new construction project, which is to be financed by borrowing. The key dates are as follows: 15 May 20X8 Loan interest relating to the project starts to be incurred 3 June 20X8 Technical site planning commences 12 June 20X8 Expenditures on the project start to be incurred 18 July 20X8 Construction work commences According to IAS23 Borrowing costs, from what date can Scandium commence the capitalization of borrowing costs?

a. 15 May 20X8

b. 3 June 20X8

c. 12 June 20X8

d. 18 July 20X8

Reference no: EM132814996

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