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On 1 January 2011, QRS Ltd borrowed GHC3,000,000 at 20% interest per annum to finance the construction of a new office building which was expected

On 1 January 2011, QRS Ltd borrowed GHC3,000,000 at 20% interest per annum to finance the construction of a new office building which was expected to take a year [12 months] to complete. Payments to the contractor were made as follows GHC 31 March 600,000 30 September 1,200,000 31 December 400,000 All the 3 conditions were met on 31st March, 2011

How much borrowing costs can be capitalized as part of the cost.

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