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CPA Canada Viewpoints: Capitalizing borrowing costs (Mining)

Published on: Sep 30, 2018

Understand the factors a mining company should consider to determine whether it should capitalize its borrowing costs.

Developed jointly by Chartered Professional Accountants of Canada (CPA Canada) and the Prospectors and Developers Association of Canada (PDAC), this paper addresses the following topics:

  • defining a qualifying asset
  • assessing probable future economic benefit
  • consistency between accounting policy choices
  • costs not eligible for capitalization
  • suspension and cessation of capitalization
  • impairment

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