Accounting for loan assets at amortised cost LO12, 13, 14 On 1 July 2023 Southpoint Ltd granted a 4-year loan of o $2 million to one of its suppliers. The loan is interest free 0000 in order to assist the supplier to make energy-efficient modifications to its plant. The market rate of interest for a similar loan is 10%. The 12 months' expected credit loss and lifetime 00 expected credit loss are estimated as $25 000 and $70000 respectively. At