During 2017, Oriole Company incurred weighted-average accumulated expenditures of $1630000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2017 was a $2070000, 9%, 5-year note payable dated January 1, 2017. What is the amount of interest that should be capitalized by Oriole during 2017?

• $146,700.  
• $396,000  
• $186,300  
• $0

Answer rating: 100% (QA)

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