Question: Current Attempt in Progress On December 3 1 , 2 0 2 1 , Crane Group borrowed HK $ 2 , 7 0 0 ,

Current Attempt in Progress
On December 31,2021, Crane Group borrowed HK $2,700,000 at 12% payable annually to finance the construction of a new building In 2022, the company made the following expenditures related to this building: March 1, HK $324,000; June 1, HK $540,000; July 1, HK $1,350,000; December 1, HK $1,080,000. Additional information is provided as follows.
Other debt outstanding
10-year, 7% bond, December 31,2015, interest payable annually HK $3,600,000
6-year, 6% note, dated December 31,2019, interest payable annually
HK$1,440,000
2. March 1,2022, expenditure included land costs of HK$135,000
3. Interest revenue earned in 2022 on funds related to specific borrowing
HK$44,100
(a)(a)
Determine the amount of borrowing cost to be capitalized in 2022 in relation to the construction of the building. (Round answer to Odecimal places, eg.5,275.)
The amount of borrowing cost AF$
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(b)
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B.
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Current Attempt in Progress On December 3 1 , 2 0

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