Exchange Differences Recognised as Borrowing Costs and Included in the Cost

question 38

Multiple Choice

Exchange differences recognised as borrowing costs and included in the cost of an asset,are recogniseD.

• A) Until the asset is ready for its intended use or sale, provided the capitalisation of costs does not mean that the cost of the asset exceeds recoverable amount.
• B) Until such time as they are deemed to be income and expenses by a resolution of the Board of Management.
• C) Until such time as income is derived, at which time they are passed directly to profit or loss.
• D) Only after the asset is ready for its intended use or sale, provided the capitalisation of costs does not mean that the cost of the asset exceeds recoverable amount.
• E) At the discretion for the entity's auditors.

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Definitions:

Visual System

The visual system is the part of the central nervous system that enables organisms to process visual detail, including the eyes, optic nerves, and brain regions involved in visual perception.

Absolute Threshold

The minimum intensity of a stimulus that one can detect half the time.

Psychological Dimension

An aspect of an individual's mental or emotional state that influences their behavior and perception of the world.

Specialized Brain Cells

Neurons or glial cells in the brain that have specific functions, such as sensory processing, signal transmission, or support of neural activity.