Select the one correct option and then click Submit. US$312.50 US$2,850 US$3,287.50 BetaGo Ltd. started the construction of an asset on 1 January 2018 with a loan of US$40,000 borrowed at an interest rate of 9 percent per annum. Payment of construction costs occurs as follows: 1 January 2018 US$15,000; 1 May 2018 US$20,000; and 1 October 2018 US$5,000. The construction of the asset was completed on 31 December 2018. However, during the accounting period BetaGo Ltd. has invested the excess funds at an interest rate of 3 percent in short term bank deposits. What is the borrowing cost eligible for capitalization? US$40,000 Submit

BetaGo Ltd. started the construction of an asset on 1 January 2018 with o loan of U5540,000 borrowed at: aninterest rate of 9 percent per annum. Payment of construction costs occurs as follows. 1 jariuary 2018 US\$15,000; 1 May 2018 US520,000, and 1 October 2018 US\$5,000. The construction of the asset was completed on 31 December 2018. However, during the accounting period BetaGo Lrd, has invested the excess funds at an interest rate of 3 percent in short term bank deposits. What is the borrowing cost eligible for capitalization? Select the one correct option and then elick submit US\$312.50 US\$2,850 US\$3,28750 US\$40,000