Which of the following would you regard as the threshold criteria when deciding whether or not to capitalise any part of borrowing costs?
(a) Is the asset financed by the borrowing an acquired one or self-constructed one?
(b) Is it the policy of the business to capitalise borrowing costs?
(c) Is the asset a qualifying asset in that it took a substantial time to bring it to intended use?
(d) Is it common practice for competitors to capitalise borrowing costs?