Question
During the current year an entity had in place $1 million of 6% loan finance and $2 million of 9% loan finance. It constructed
During the current year an entity had in place $1 million of 6% loan finance and $2 million of 9% loan finance. It constructed a new factory which cost $600,000 and this was funded out of the existing loan finance. The factory took 8 months to complete. To the nearest thousand, what borrowing costs should be capitalised? is $ ,000
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Fundamental accounting principle
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