What is Qualifying asset?
Under the definition in NAS No. 24, "an asset that necessarily requires a substantial period of time" to get ready for its intended use or sale. Borrowing costs (interest and other costs) directly attributable to the acquisition, construction or production of such an asset are added not to period expenses but to the cost of the asset (capitalised). The standard gives as examples buildings, structures, production machinery and equipment, intangible assets, power plants and investment property. The following are not qualifying assets: assets that are ready for use or sale at the moment of acquisition; land itself (if no land development work is carried out on it); other types of investments; inventories produced repetitively in large quantities every day, even if their production takes a long time. Other borrowing costs are recognised as financing activity expenses.
Source: 24-son BHMS "Qarzlar bo'yicha xarajatlar", 3-band; 24-son BHMS, 5–7-bandlar; 24-son BHMS, 9–10-bandlar; 21-son BHMS (schyotlar rejasi va undan foydalanish yo'riqnomasi), 0810 schyot provodkalari