Expenses incurred in 3 phases of construction of project of power plant are given below
|
|
Phase A |
Phase B |
Phase C |
Total |
|
Cash payment |
50,00,000 |
70,00,000 |
85,00,000 |
|
|
Transfer of assets |
45,00,000 |
12,00,000 |
10,00,000 |
|
|
|
|
|
|
|
|
Total |
95,00,000 |
82,00,000 |
95,00,000 |
2,72,00,000 |
Money borrowed @ 14% 2, 50,00,000
The phase A is complete. How the borrowing cost should be capitalized?
Answer given in rawat
Phase B 10,55,148
Phase C 12,22,426
MY ANSWER
Phase B 11,48,000
Phase C 13,30,000
Where is my mistake ?
If possible give me detailed answer
thanx
CAclubindia
