correct answer is i need full steps with same correct final annswer
On December Nash Group borrowed HK $ at payable annually to finance the construction of a new building.
In the company made the following expenditures related to this building: March HK$; June HK$; July
HK $; December HK $ Additional information is provided as follows.
Other debt outstanding, correct answer is ok
year, bond, December interest payable annually
$
year, note, dated December interest payable annually
HK $
March expenditure included land costs of $
Interest revenue earned in on funds related to specific borrowing
H $
a
Your answer is correct.
Determine the amount of borrowing cost to be capitalized in in relation to the construction of the building. Round answer to
decimal places, eg
The amount of borrowing cost $
