Question: plz answer Riverbed Ltd. is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were HK $2,232,000 on March
Riverbed Ltd. is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were HK $2,232,000 on March 1, HK $1,488,000 on June 1, and HK $2,532,000 on December 31. Riverbed Ltd. had outstanding all year a 12%,5-year, HKK $4,960,000 note payable and an 13%,4-year, HK $4,340,000 note payable. Compute the capitalization rate used for borrowing cost capitalization purposes. (Round answer to 2 decimal places, e.8. 7.58\%.) Capitalization rate % Attempts: 0 of 3 used
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