Question: Client X operates in the US currently and is planning to expand operations globally next year. As a result, management is considering preparing financial statements

Client X operates in the US currently and is planning to expand operations globally next year. As a result, management is considering preparing financial statements in accordance with IFRS rather than with US GAAP.

Client X contacted you for clarification and recommendations regarding the following issues:

Whether interest cost on construction of a new warehouse may be included in the cost of the new warehouse.

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