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Capita had the following bank loans outstanding during the whole of 20X8:Capita began

Capita had the following bank loans outstanding during the whole of 20X8:

Capita had the following bank loans outstanding du

Capita began construction of a qualifying asset on 1 April 20X8 and withdrew funds of $6 million on that date to fund construction. On 1 August 20X8 an additional $2 million was withdrawn for the same purpose.

Calculate the borrowing costs which can be capitalised in respect of this project for the year ended 31 December 20X8().

A、$560,000

B、$472,500

C、$750,000

D、$350,000

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