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please send fast we have an exam tom and the questions were uploaded todsy On 1 January 2 0 X 5 , Sainsco began to

please send fast we have an exam tom and the questions were uploaded todsy On 1 January 20X5, Sainsco began to construct a supermarket which had an estimated useful life
of 40 years. It purchased the site for $25 million. The construction of the building cost $9 million
and the fixtures and fittings cost $6 million. The construction of the supermarket was completed
on 30 September 20X5 and it was brought into use on 1 January 20X6.
Sainsco borrowed $40 million on 1 January 20X5 in order to finance this project. The loan
carried interest at 10% pa. It was repaid on 30 June 20X6.
Required: Calculate the total amount to be included at cost in property, plant and equipment in
respect of the development at 31 December 20X5.

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