Are these assets qualifying assets?
Case (a): A particular item of inventory is produced by entity E in large quantities on a repetitive basis. Production takes (aa) 15 months, (ab) one week.
Case (b): At the beginning of 01, E starts constructing a building. Construction will take three years. Once completed, the building will be used for administrative purposes.
Case (c): E acquires a warehouse from entity F. F has used this warehouse for a long period of time. The warehouse is changed neither by E, nor by F. It is ready for its intended use at the time of acquisition by E.
Required
Determine whether the assets of entity E described above are qualifying assets according to IAS 23.