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Calculate the borrowing costs to be capitalised. (5 marks) D. Miss Nsiah is a qualified chartered accountant who prepares financial statements for a firm located

Calculate the borrowing costs to be capitalised. (5 marks) D. Miss Nsiah is a qualified chartered accountant who prepares financial statements for a firm located at Tesano. Miss Nsiah does not qualify for a practicing certificate and so she does not provide audit service to the client. This is her first year of preparing financial statements for the firm. When compiling the most recent accounts, she detected some material errors in the previous financial statements. It seemed that the accounts were based on incomplete records as certain costs were excluded, either deliberately or because records were not maintained

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