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ESOF 2016 Manchester - UK

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Q: ERC - Which amount should be deducted from the pre-financing when equipment is bought for the project for the purpose of calculating the interest, depreciation costs for one single reporting period only or the full purchase costs?
A: If part of the pre-financing was used to purchase equipment, the full amount used for such a purchase shall be taken into account for the calculation of interest on the remaining pre-financing.

Category : ERC - Cost Management for Grants ( Direct costs )