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 Crane Group borrowed HK $ at payable annually to finance the construction of a new building In the company made the following expenditures related to this building: March HK $; June HK $; July HK $; December HK $ Additional information is provided as follows.
Other debt outstanding
year, bond, December interest payable annually HK $
year, note, dated December interest payable annually
HK$
March expenditure included land costs of HK$
Interest revenue earned in on funds related to specific borrowing
HK$
aa
Determine the amount of borrowing cost to be capitalized in in relation to the construction of the building. Round answer to Odecimal places, eg
The amount of borrowing cost AF$
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