Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan...
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Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2024, Agasse made payments to the general contractor of $400,000 on April 1, 5900,000 on August 31, and $500,000 on December 31 Required: Compute the amount of interest that Agasse would capitalize in 2024 Note: Do not round Intermediate calculations. Amours of cal Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2024, Agasse made payments to the general contractor of $400,000 on April 1, 5900,000 on August 31, and $500,000 on December 31 Required: Compute the amount of interest that Agasse would capitalize in 2024 Note: Do not round Intermediate calculations. Amours of cal
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