11. On 1 October 20X1, Bash Co borrowed $5m for a term of one year, exclusively to finance the construction of a new piece of production equipment. The interest rate on the loan is 5% and is payable on maturity of the loan. The construction commenced on 1 November 20X1 but no construction took place between 1 December 20X1 to 31 January 20X2 due to employees taking industrial action. The asset was available for use on 30 September 20X2 having a construction cost of S6m. What is the carrying amount of the production equipment in Bash Co.'s statement of financial position as at 30 September 20X2? A. $6,560,000 B. $6,730,000 C. $5,187,500 D. $5,016,000