Question: Data Management Co.filed all necessary permits to begin construction on a new $25,000,000 data storage facility on January 31, and obtained a 7% interest construction

Data Management Co.filed all necessary permits to begin construction on a new $25,000,000 data storage facility on January 31, and obtained a 7% interest construction loan for the entire amount on February 28. The company incurred expenditures with borrowed funds to construct the facility from March 1 through November 30, with the chief building inspector indicating that it was substantially complete and ready for use on November 15. If the company moved its data files into the storage facility on December 15, during which period can the company capitalize interest on the storage facility? January 31 through November 30. February 28 through December 15. March 1 through November 15. March 1 through December 15

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