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Which entity can commence capitalization of borrowing cost

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Reference no: EM132995982

Problem 1: An entity can commence capitalization of borrowing cost on a new construction project when -

Group of answer choices

Option 1: Construction work commences.

Option 2: Loan interest relating to the project starts to be incurred.

Option 3: Expenditures on the project start to be incurred.

Option 4: Technical site planning commences.

Reference no: EM132995982

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