company development and stability. Entity A made the following payments during 2023: Entity A had the following debt outstanding on 31 December 2023: - 7.75\%, 12-year long-term debt of $21,500,000 which was borrowed on 31 March 2019 . - 9.25\%, 8-year long-term debt of $43,500,000 which was borrowed on 1 September 2021. reporting period, i.e. 15 January. REQUIRED: According to relevant accounting standards, measure the amount of the items below on 31 December 2023. ANSWERS: The interest payable to various Lenders is $ The capitalisation rate for General Borrowing is The borrowing cost capitalised to the Building is $ The borrowing cost expensed to Profit and Loss is $ The interest receivable from investments is $ The carrying amount of the qualifying asset is \$ \%. . |