On December $31,2021,$ Tamarisk Group borrowed HK $$3,180,000$ at $12\%$ payable annually to finance the construction of a new On December $31,2021,$ Tamarisk Group borrowed HK $$3,180,000$ at $12\%$ payable annually to finance the construction of a new

building. In $2022,$ the company made the following expenditures related to this building: March $1,$ HK$$381,600$; June $1,$ HK$$636,000$;

July $1,$ HK$$1,590,000$; December $1,$ HK$$1,272,000.$ Additional information is provided as follows.

Other debt outstanding

$10-$year, $13\%$ bond, December $31,2015,$ interest payable annually

$6-$year, $12\%$ note, dated December $31,2019,$ interest payable annually

March $1,2022,$ expenditure included land costs of $HK$$$159,000$

Interest revenue earned in $2022$ on funds related to specific borrowing

HK $$4,240,000$

HK $$1,696,000$

$HK$$$51,940$

$($a$)$

Your answer is incorrect.

Determine the amount of borrowing cost to be capitalized in $2022$ in relation to the construction of the building. $($Round answer to

O decimal places, e$.$g$.5,275.)$

building. In $2022,$ the company made the following expenditures related to this building: March $1,$ HK$$381,600$; June $1,$ HK$$636,000$;

July $1,$ HK$$1,590,000$; December $1,$ HK$$1,272,000.$ Additional information is provided as follows.

Other debt outstanding

$10-$year, $13\%$ bond, December $31,2015,$ interest payable annually

H$$ $$4,240,000$

$6-$year, $12\%$ note, dated December $31,2019,$ interest payable annually

HK $$1,696,000$

March $1,2022,$ expenditure included land costs of $HK$$$159,000$

Interest revenue earned in $2022$ on funds related to specific borrowing

HK$$51,940$

$($a$)$

Your answer is incorrect.

Determine the amount of borrowing cost to be capitalized in $2022$ in relation to the construction of the building. $($Round answer to

$0$ decimal places, e$.$g$.5,275.)$

The amount of borrowing cost HK$