Question
Capita had the following bank loans outstanding during the whole of 20X8: m$ 8% loan repayable 20X9 18 10% loan repayable 20Y2 22 Capita began
Capita had the following bank loans outstanding during the whole of 20X8:
m$
8% loan repayable 20X9 18
10% loan repayable 20Y2 22
Capita began construction of a qualifying asset on 1 April 20X8 and withdrew funds of $6 million on that date to fund construction. On 1 August 20X8 an additional $2 million was withdrawn for the same purpose.Calculate the borrowing costs which can be capitalised in respect of this project for the year ended 31 December 20X8.
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Artificial Intelligence In Accounting And Auditing Knowledge Representation Accounting Applications And The Future Volume 3
Authors: Miklos A. Vasarhelyi
1st Edition
1558760784, 978-1558760783
