Question
Zain Ltd took out a 7.5 million 10% loan on 1 January 2016 to build a new warehouse during the year Construction of the warehouse
Zain Ltd took out a 7.5 million 10% loan on 1 January 2016 to build a new warehouse during the year Construction of the warehouse began on 1 February 2016 and was completed on 30 November 2016. What are the total borrowing costs to be capitalised in respect of the warehouse?
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
