08-14-2006, 04:47 AM
ANs NO 01
OOhh i just modify my Q a bit b/c i havent got still wat i wanted
just a chnge in details of expenditure
ABC Ltd is constructng a qualifying asset and its sources of finance are as under
ABC ltd borrows specifically for this asset on 1 Jan 2005 an amount = Rs100 @ 8%
ABC ltd also has general borrowing fund of Rs 1000 on 1 Jan 2005
rate of capitalisation on such general boorowing = 10%
yr end is 31 dec 2005
the qualifying asset is planned to be commenced on 1Jan2005 but due to certain problems it couldn't be started before 1April 2005
details of exp are as under
1 April 2005 = Rs 50
1 May 2005 = Rs 50
1 JUne 2005 = Rs 100
REqcalculate amount of borrowing cost capitalised?
Ans NO 08
so now what to do of incorporation exp??
Ans No 13
Oh sorry infact i was asking abt the question where examiner asks us to make finnacial statements,there F.S shall be made in columnar form or the statement form...
Ans no 14
IAS 23
ok just how to solve this Q
Specific loan = 10 @ 9%
general loan = 100 @ 12%
all loans have remained outstanding throughhout the year.
cost incured on the project as at June 30,2003 and 2002 stood at Rs 15 and Rs 10 respectively.the cost has been incurrred evenly throughout the year
calculate the amount of interest to be capitalised for the year ended 30June2003?
Ans NO 15
infact what confused me was Zuberi's statement
here we have considered(assumed) long term loan as part of equity???
how valid is that assumption?
OOhh i just modify my Q a bit b/c i havent got still wat i wanted
just a chnge in details of expenditure
ABC Ltd is constructng a qualifying asset and its sources of finance are as under
ABC ltd borrows specifically for this asset on 1 Jan 2005 an amount = Rs100 @ 8%
ABC ltd also has general borrowing fund of Rs 1000 on 1 Jan 2005
rate of capitalisation on such general boorowing = 10%
yr end is 31 dec 2005
the qualifying asset is planned to be commenced on 1Jan2005 but due to certain problems it couldn't be started before 1April 2005
details of exp are as under
1 April 2005 = Rs 50
1 May 2005 = Rs 50
1 JUne 2005 = Rs 100
REqcalculate amount of borrowing cost capitalised?
Ans NO 08
so now what to do of incorporation exp??
Ans No 13
Oh sorry infact i was asking abt the question where examiner asks us to make finnacial statements,there F.S shall be made in columnar form or the statement form...
Ans no 14
IAS 23
ok just how to solve this Q
Specific loan = 10 @ 9%
general loan = 100 @ 12%
all loans have remained outstanding throughhout the year.
cost incured on the project as at June 30,2003 and 2002 stood at Rs 15 and Rs 10 respectively.the cost has been incurrred evenly throughout the year
calculate the amount of interest to be capitalised for the year ended 30June2003?
Ans NO 15
infact what confused me was Zuberi's statement
here we have considered(assumed) long term loan as part of equity???
how valid is that assumption?
