Question

what is qualified assets???

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Answer 1

Answer:

A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale.

Answer 2

Explanation:

• A qualifying asset is an asset that takes a substantial period of time to get ready for its intended use or sale. [ IAS 23.5] That could be property, plant, and equipment and investment property during the construction period, intangible assets during the development period, or "made-to-order" inventories.
• Qualifying assets might be, for example, manufacturing plants, intangible assets and infrastructure assets such as bridges and railways. Inventories that are manufactured or otherwise produced in a short period of time, and assets that are ready for their intended use or sale when acquired, are not qualifying assets.