Under the accounting standards which of these is not included in finance costs?
A)interest costs
B)lease finance charges
C)amortisation of discounts related to borrowing
D)depreciation expense

Question

Quizplus · Accepted Answer

Depreciation expense is not included in finance costs. Finance costs typically refer to interest costs, lease finance charges, and amortization of discounts related to borrowing. Depreciation is a non-cash expense related to the wear and tear of fixed assets and is recorded on the income statement as an operating expense.

Under the Accounting Standards Which of These Is Not Included