CPA Canada Viewpoints: Capitalizing borrowing costs (Mining)
Published on:
May 31, 2015
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