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5.(14marks) please list the detail of calculation On January 1, 20x5, Hassan Co, a publicly accountable entity, started the construct e on that date. asset. The asset was completed on September 30, 20x5, and was put into us The following direct costs in the construction of the asset were paid on the following dates: January 1, 20X5 $80,000 March 1, 20X5 April 1, 20X5 May 15, 20X5 July 1, 20X5 Sept. 1, 20X5 $70,000 $105,000 $60,000 $40,000 $150,000 The companys borrowings are as follows: 1, A $150,000, 6.5% one-year note dated January 1, 20X5-this note relates specifically to the self-constructed asset. The note was repaid on September 30, 20X5. 2. Bonds payable in the amount of $8,000,000 issued at face value -the annual interest or these bonds is 8%. The bonds were outstanding throughout the year. 3. A bank loan payable in the amount of $12,000,000 bearing interest at 6%--The loan was outstanding throughout the year. Required: Calculate the cost of the asset as at September 30, 20X5, assuming Hass December 31, 20X5, year end. an has a
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