Page 20 of schweser Book 7 or CFA Volume 2 Q 9 page 209. How come we are capitalising the interest (if i remember correctly we can capitalise the interest on constructed items however the asset is to be expensed right? or am I mixing things up? For note 2 how come the LIFO is still going to be used? Thanks
I don’t have question in front of me, but capitalizing interest and then expensing the asset is not right. Maybe somebody with the book handy can help you out.
in the question, the US practioner was to retain accounting polices from a subsidiary unless prohibited by the US …that question revved me too
any thoughts please?