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What is the cost of the new building on june

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Reference no: EM132562834

ABC Company had the following outstanding loans during 2020 and 2021

Specific construction loan            3,000,000 10%

General loan                                 25,000,000 12%

The entity began the self-construction of the building on January 01, 2020 and the building was completed on June 30, 2021. The following expenditure were made in 2020 and 2021.

January 1, 2020 4,000,000

April 1, 2020 5,000,000

December 1, 2020 3,000,000

March 1, 2021 6,000,000

Question 1: What is the cost of the new building on June 30, 2021?

Reference no: EM132562834

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