The answer to the question no. 39 in morning session CFA mock exam just adds up 30 million of capitalized costs to EBIT and cites option A interest cost as the answer. The interest costs are not added or subtracted in calculation of EBIT, according to it's definition.....Anyone who can help me on this ??
I think if we ignore interest cost in EBIT calculation the answer should be C....software development costs !!
Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 12:39PM by rachit202.
