Current Attempt in Progress
On December Culver 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
year, bond, December interest payable annually
$
year, note, dated December interest payable annually
$
March expenditure included land costs of $
Interest revenue earned in on funds related to specific borrowing
$
a
Your answer is incorrect.
Determine the amount of borrowing cost to be capitalized in in relation to the construction of the building. Round answer to O decimal places, eg
The amount of borrowing cost HK$
