QUESTION 4 a) Klean Ltd borrowed GH12 million from ABS Bank on 1 January 2020 at an interest rate of 25% per annum to build a new office block. The contract price agreed with the contractor was GH12 million. The building is to be completed by 31 December 2020 and the payment schedule agreed between Klean and the contractor was as follows: 1 January GH2 million 1 April GHC4 million 1 October GHS4 million 31 December GH2 million Klean Ltd decided to invest idle funds temporary in fixed deposit at an annual rate of 15%. Required: Determine the borrowing cost to be capitalised and the Capitalised cost of the building on (6 marks) completion. b) KK Ltd, a manufacturer and supplier of aluminum utensils for households, has recently established a new facility in Kumasi. To help in this new operation, KK Ltd have secured a number of grants from the Government of Ghana and are unsure how the grants are to be