During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existin debt of Colorado are the following: • From Union Bank (specific borrowing), P 3,600,000, 10% • From Land Bank (general borrowing), P 6,000,000, 20% • From Security Bank (general borrowing), P 10,000,000, 18% QUESTION 1: What is the capitalized borrowing costs for the year ended December 31, 2021? [ Select ] ( Select ] P3,750,000 P3,788,000 P3,360,000 QUESTION 2:
During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existin debt of Colorado are the following: • From Union Bank (specific borrowing), P 3,600,000, 10% • From Land Bank (general borrowing), P 6,000,000, 20% • From Security Bank (general borrowing), P 10,000,000, 18% QUESTION 1: What is the capitalized borrowing costs for the year ended December 31, 2021? [ Select ] ( Select ] P3,750,000 P3,788,000 P3,360,000 QUESTION 2:
Chapter1: Financial Statements And Business Decisions
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