During 2022, Blossom SA constructed and manufactured certain assets and incurred the following borrowing costs in connection with those activities. Borrowing Costs Incurred Warehouse constructed for Blossom's own use R$30,600 Special-order machine for sale to unrelated customer, produced according to customer's specifications 9,180 Inventories routinely manufactured, produced on a repetitive basis 8,160 All of these assets required an extended period of time for completion. Assuming the effect of borrowing cost capitalization is material, what is the total amount of borrowing cost to be capitalized? The total amount of borrowing cost to be capitalized R$ 30,600

During 2022, Blossom SA constructed and manufactured certain assets and incurred the following borrowing costs in connection with those activities. Borrowing Costs Incurred Warehouse constructed for Blossom's own use R$30,600 Special-order machine for sale to unrelated customer, produced according to customer's specifications 9,180 Inventories routinely manufactured, produced on a repetitive basis 8,160 All of these assets required an extended period of time for completion. Assuming the effect of borrowing cost capitalization is material, what is the total amount of borrowing cost to be capitalized? The total amount of borrowing cost to be capitalized R$ 30,600

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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