Interest on capital borrowed for plant construction has to be.
A. Ignored.
B. Treated as Revenue expenditure
C. Added to the asset cost as year of using the asset
D. Written-off fully in the first Capital expenditure
Answer:C
Interest on capital borrowed for plant construction has to be.
A. Ignored. B. Treated as Revenue expenditure C. Added to the asset cost as year of using the asset D. Written-off fully in the first Capital expenditure