Question: please answer question 1(a) QUESTION 1 In 20x1, Ameer Bhd took a bank loan of RM5m to finance construction of a building. It incurred a

please answer question 1(a)

QUESTION 1 In 20x1, Ameer Bhd took a bank loan of RM5m to finance construction of a building. It incurred a yearly interest of RM175,000, that was written off against the profits. As at 1 January 20X3, Ameer decided to capitalize the interest costs. On that date, the retained earnings of Ameer was RM15m. Required: (a) Explain how the above should be treated in accordance to MFRS 108

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