Delorme is building a workshop. It paid 900,000 in cash, transferred assets worth 100,000 to the contractors, assumed interest-bearing liabilities of 200,000 and received progress payments of 150,000 in respect of the workshop. Calculate the expenditure eligible for the capitalisation of borrowing costs.
- Cash paid
- 900,000
- Assets transferred to contractors
- 100,000
- Interest-bearing liabilities assumed
- 200,000
- Progress payments received
- 150,000