Question
Fabric Berhad had the following loans outstanding as at 1 April 2021: Loan 1 at 10% Loan 2 at 6% Repayable date 31 December
Fabric Berhad had the following loans outstanding as at 1 April 2021: Loan 1 at 10% Loan 2 at 6% Repayable date 31 December 2022 31 September 2024 RM 500,000 300,000 200,000 Loan 3 at 8% The capitalisation rate is 8.4%. 31 March 2025 The company spent the following amounts on the construction of an item of Property, Plant & Equipment. 1 April 2021 1 October 2021 1 January 2022 RM 400,000 300,000 100,000 You are required to calculate the finance cost and the borrowing cost eligible for capitalisation. Then, show the extracts from the statement of financial position as at 31 March 2022.
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