On January 3,2010, Mercury company began self-constructing an asset that qualified for interest capitalization. On January 5,
Question:
a. Compute the amount of interest that should be capitalized during 2010.
b. Prepare the journal entry to record the capitalization of interest at December 31,2010?
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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