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The answer is P5,362,428 . I just need the complete solution. On January 1, 2020, Uranus Company had the following borrowings made for general purposes
The answer is P5,362,428. I just need the complete solution.
On January 1, 2020, Uranus Company had the following borrowings made for general purposes and a part of the proceeds was used to finance the construction of a qualifying asset. Principal 12% short-term note 40.000300 14% bank loan (3 years) 72,000,000 16% note payable (5 years) 83.000.000 The construction of the qualifying asset was started on immediately and expenditures incurred on the qualifying asset were as follows: January 31 19,200,000 March 31 8,800,000 July 30 14,000,000 October 1 21,000,000 December 31 1,200,000 How much Is the capltallzable borrowing cost? lStep by Step Solution
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