Assume that none of the assets to which 2012 capitalization interest applies have been completed and placed
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Question:
Assume that none of the assets to which 2012 capitalization interest applies have been completed and placed into service. Calculate the firm's 2012 income before taxes, assuming that no interest was capitalized in 2012. What is the percentage change from the reported amount?
2012:
Interest expense = $10.6 Million
Capitalized interest = ($2.3) million
Income before income taxes = $81 Million
Net Income = $59.9 Million
Posted Date: