AASB 123 Borrowing Costs Defines a Qualifying Asset as an Asset

Multiple Choice

AASB 123 Borrowing Costs defines a qualifying asset as an asset that:

A) takes a period of greater than twelve months to get ready for its intended use or sale.
B) takes a substantial period of time to get ready for its intended use or sale.
C) takes a period of greater than twelve months to complete.
D) takes a substantial period of time to complete.
E) is specified as "qualifying" under the Corporations Act.