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CALCULATE IN DETAILED PLS Task 2: ABC begins the construction of a building on 1 January 20X1. The following expenditures on this property incured during
CALCULATE IN DETAILED PLS
Task 2: ABC begins the construction of a building on 1 January 20X1. The following expenditures on this property incured during the year 20X1: (Unit: CU 1000) 1 January 20X1 - 100,000 1 June 20X1 - 300,000 1 October 20X1 - 600,000 On 1 January 20X1, Entity A had 500,000 of general borrowings which increased by 1 million to 1.5 million in total on 1 June 20X1. Interest expense on these borrowings calculated to 50,000 for full year 20X1. Calculate the amount relating borrowing cost that should be capitalised in the cost of the buildingStep by Step Solution
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