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Your answer is incorrect. Tamarisk Ltd. is constructing a building. Construction began on February...

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Accounting

Your answer is incorrect.
Tamarisk Ltd. is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were
HK $1,455,000 on March 1, HK$972,000 on June 1, and HK$2,403,000 on December 31.
Tamarisk Ltd. had outstanding all year a 10%,5-year, HK $3,520,000 note payable and an 11%,4-year, HK$3,080,000 note payable.
Determine the amount of borrowing cost that Tamarisk Ltd. would capitalize. Use the capitalization rate used for borrowing cost
capitalization purposes. (Round "Capitalization rate" to 2 decimal places, e.g.2.51 and final answer to 0 decimal places, e.g.5,275.)
Borrowing cost capitalization ,HK$
eTextbook and Media
une 1, and HK\$2,403,000 on December 31. Tamarisk Ltd. had outstanding all year a 10%,5-year, HK$3,520,000 note payable and an 11%,4-year, HK\$3,080,000 note payable. Determine the amount of borrowing cost that Tamarisk Ltd. would capitalize. Use the capitalization rate used for borrowing cost capitalization purposes. (Round "Capitalization rate" to 2 decimal places, e.g.2.51 and final answer to 0 decimal places, e.g.5,275.)
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