Question 18 1 pts The following scenario relates to questions 16-19 Goodfood is a supermarket chain. During the current year it started building a new store. The directors are aware that in accordance with IAS23 Borrowing costs certain borrowing costs have to be capitalised. Details relating to the construction of Goodfood's new store: Goodfood took out a 10 million loan with an interest rate of 7.5% per annum on 1 April 2017. The loan was specifically taken to finance the building of the new store which meets the definition of a qualifying asset in IAS23. Construction of the store started on 1 May 2017 and it was completed and ready for use on 28 February 2018. Question: What is the total of the finance costs which can be capitalized in respect of Goodfood's new store? 500,000 625,000 Oo oo 600,000 750,000