(v) Duggan Co began the construction of an item of property on 1 July 20X7 which was completed on 31 March 20X8. A cost of $32m was capitalised. This included $2·56m being a full 12 months’ interest on a $25·6m 10% loan taken out specifically for this construction. On completion the property has a useful life of 20 years. Duggan Co also recorded $0·4m in operating expenses representing depreciation on the asset for the period from 31 March 20X8 to 30 June 20X8.

use9996882 發(fā)布于：2020-05-01 10:32:29 瀏覽219次   ACCA FR
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