Question: Current Attempt in Progress Cole Co. began constructing a building for its own use in January year 4. During year 4, Cole incurred interest of

Current Attempt in Progress Cole Co. began constructing a building for its own use in January year 4. During year 4, Cole incurred interest of $50,000 on specific construction debt, and $20,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during year 4 was $40,000. What amount of interest cost should Cole capitalize? $40,000 O $70,000 O $50,000 O $20,000 Save for Later Attempts: 0 of 1 used Submit

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