On December Grouper 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 HK$
year, note, dated December interest payable annually HK$
March expenditure included land costs of $
Interest revenue earned in on funds related to specific borrowing HK$
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
decimal places, eg
The amount of borrowing cost $
