CTHRepealedLegislation
AASB 123 - Borrowing Costs - July 2004
B.8 Specific borrowings exceeding requirB.8 Specific borrowings exceeding requirements
Start here
Get a plain-English read of B.8 Specific borrowings exceeding requir
Turn the raw legal text into a practical explanation grounded in AASB 123 - Borrowing Costs - July 2004.
B.8 Specific borrowings exceeding requirements
AASB 1036.5.3.2 provides guidance on the amount of borrowing costs to be capitalised where an entity borrows specifically for a qualifying asset and, as part of the transaction, borrows more than it is expected will be used to acquire, construct or produce the asset. AASB 123 does not include this additional guidance in its text.