Zhichi SD 2021Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Zhichi SD 2021This topic has 1 reply, 2 voices, and was last updated 1 month ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 2, 2023 at 1:29 pm #679974 bucky709ParticipantTopics: 14Replies: 14☆Issue Costs: 3/97 x $80m = $2.5mTax shield: Annual interest payable = $80m x 0.03 x 0.2 = $0.5mAre not we supposed to use the gross amount 82.5m while calculating the interest payable? I have seen a number of questions where the interest is calculated on net amount.am i missing something?thankyou March 3, 2023 at 6:52 am #680011 John MoffatKeymasterTopics: 56Replies: 51952☆☆☆☆☆You are correct, and doing that would have got full marks 🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In