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What is the total cost of the building

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Question - Company A had the following loans outstanding for the entire 2020.

Specific construction loan 2,000,000 10%

General loan 10,000,000 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 expenditures were made during the current year:

January 1 1,000,000

July 1 4,000,000

November 1 3,000,000

Total 8,000,000

Required - What is the total cost of the building?

Reference no: EM132772475

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