We have been working very hard since 2009 to facilitate in your learning Read More. We can't keep up without your support. Donate Now.


+ Link For Assignments, GDBs & Online Quizzes Solution


+ Link For Past Papers, Solved MCQs, Short Notes & More

“IAS 23”

Itehad Chemicals is keeping its accounting records on calendar year. Currently, it is
manufacturing a production plant and acquired following loans to fulfill the financing needs:

Loan from ABL @ 13% p.a Rs.4, 500,000 (taken on Feb 1st, 2010)
Loan from MCB@ 14% p.a Rs.5, 700,000 (taken on Aug 1st, 2010)
Loan from UBL @12.5% p.a Rs.6, 450,000 (taken on Aug 31st, 2010)

Following expenditures were incurred on plant:

Rs. 1, 350,000 on Jan 31st, 2010
Rs. 860,000 on May 30th, 2010

a. Capitalization rate (Marks: 5)
b. Borrowing cost eligible for capitalization for the year 2010 (Marks: 3)
c. Total capital expenditure (Marks: 2)



Please Discuss here about this assignme. Thanks

For complete assignment see the attached file plee.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Views: 46


Looking For Something? Search Here

Latest Activity

Today Top Members 


This is a member-supported website. Your contribution is greatly appreciated!

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service