Question: plz answer Windsor Ltd, is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were HK$1.496,250 on March 1.
Windsor Ltd, is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were HK\$1.496,250 on March 1. HK\$1,005,000 on June 1, and HK\$2,411.250 on December 31. Windsor Ltd, had outstanding all year a 8%,5 year, HK $4,400,000 note payable and an 9%,4-year, HK $3,850,000 note payable. Determine the amount of borrowing cost that Windsor Ltd. would capitalize. Use the capitalization rate used for borrowing cost capitalization purposes. (Round "Capitalization rate" to 2 decimal places, e.8. 2.51 and final answer to 0 decimal ploces, c.g. 5.275. Borrowing cost capitalization HKS
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
