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

Download

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.