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What is the total cost of the building

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Question - Akira company had the following loans outstanding for 2018.

Specific construction loan - 1,000,000 - 10%

General loan - 20,000,000 - 12%

The entity began the self construction of a building on january 1 2020 and the building was completed on december 31 2020. The following expenditure were made during the year:

January 1 - 1,000,000

July 1 - 4,000,000

November - 3,000,000

Total - 8,000,000

What is the total cost of the building?

Reference no: EM132771590

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