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- June 14, 2020 at 4:49 am #573751
Imperia Ltd has several loans as follows:
+ The loan is worth $ 1,600,000 from 1/1 / N to 31/12 / N, interest rate of 7% / year.
+ The loan is worth $ 2,000,000 from 1/1 / N to 31/12 / N + 1, interest rate of 8% / year.
+ A loan of $ 2,500,000 from 1/1 / N + 2 to 31/12 / N + 2, interest rate of 10% / year.
The company intends to use these loans to invest in the construction of a factory with an estimated cost of approximately $ 3,800,000, construction period of 24 months, expected to start from 1/6 / N. Due to unfavorable weather, construction work was delayed to 1/8 / N until 1/8 / N + 2, the production plant was completed and to 1/1 / N + 3 began to be commissioned. into use. The estimated residual liquidation value (after 20 years) is $ 30,000.
Requirements: Please apply the relevant international financial statements standards to:
a. Determining the time when borrowing costs start to capitalize, the time to stop capitalization and the value of capitalization? Implementing related entrie
Lecturer, i can’t do this practice.i saw your video but i can’t solve, help me - AuthorPosts