ABC began constructing a building for its own use at the beginning of the year. During the
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Question:
ABC began constructing a building for its own use at the beginning of the year. During the year ABC incurred interest of $14034 on specific construction debt, and $86735 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during the year was $91035.
The amount of interest ABC should capitalize is:
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: