Reference no: EM132690594

Problem 1: If borrowing costs are capitalised, capitalisation continues:

Select one:

a. for the life of the business

b. no responses are correct

c. up to where substantially all the activities necessary to prepare the qualifying assets for its intended use or sale are complete

Problem 2: Which of the following is a main concern raised about the recognition of land under roads?

Select one:

a. Uncertainty about which entities control land under roads

b. The costs of recognizing land under roads would exceed the benefits

c. All are main concerns