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During the year to 31 December 2021 , a company started work on the construction of a new factory and incurred expenditure as follows: Construction
During the year to 31 December 2021 , a company started work on the construction of a new factory and incurred expenditure as follows: Construction was still underway at 31 December 2021. All these payments were made from general borrowings outstanding throughout the year as show below: Required: Calculate the amount of interest that should be capitalised in relation to the construction of the factory
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