Current Attempt in Progress Marigold Ltd is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were HK$2,088,000 on March 1. HK$1.392.000 on June 1, and HK$2,508,000 on December 31. Marigold Ltd. had outstanding all year a 12%, 5-year, HK$4,640,000 note payable and an 13%, 4-year, HK$4,060,000 note payable. Compute the capitalization rate used for borrowing cost capitalization purposes. (Round answer to 2 decimal places, eg 7.58%) Capitalization rate

Current Attempt in Progress Marigold Ltd is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were HK$2,088,000 on March 1. HK$1.392.000 on June 1, and HK$2,508,000 on December 31. Marigold Ltd. had outstanding all year a 12%, 5-year, HK$4,640,000 note payable and an 13%, 4-year, HK$4,060,000 note payable. Compute the capitalization rate used for borrowing cost capitalization purposes. (Round answer to 2 decimal places, eg 7.58%) Capitalization rate

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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