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    Financial Accounting and Reporting
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    Exam 24: Accounting for Foreign Currency Transactions
  5. Question
    Exchange Gains or Losses on a Qualifying Asset That Arise
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Exchange Gains or Losses on a Qualifying Asset That Arise

Question 14

Question 14

True/False

Exchange gains or losses on a qualifying asset that arise before it ceases to be a qualifying asset are to be deferred and amortised over the life of the asset according to IAS 23.

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