Question: solve complete question with working 15. On 1 July 2019, BBA (pvt) Ltd borrowed Rs. 5 Million for one year, for finance the construction of

solve complete question with working 15. On 1 July 2019, BBA

solve complete question with working

15. On 1 July 2019, BBA (pvt) Ltd borrowed Rs. 5 Million for one year, for finance the construction of a new Plant & Machinery. The interest rate on the loan is 6% and is payable on maturity of the loan. Construction work started immediately from 1 July 2019. The asset was available for use on 30 June 2020 having a construction cost of Rs. 6 Million. What is the carrying amount of the Plant & Machinery in BBA (pvt) Ltd's statement of financial position as at 30 June 2020

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