Cormier incurred 215,000 of borrowing costs in the year, still payable at the reporting date. Of this total, 160,000 is directly attributable to a workshop under construction (qualifying asset); the balance is attached to no asset. Record the entries for the year (one entry for the part capitalised, one for the part expensed).
- Borrowing costs incurred
- 215,000
- Part directly attributable to the workshop
- 160,000