Question: Earth Co. began constructing a building for its own use in January 2020.During 2020, Earth incurred interest of P100,000 on specific construction debt, and P40,000

Earth Co. began constructing a building for its own use in January 2020.During 2020, Earth incurred interest of P100,000 on specific construction debt, and P40,000 on other borrowings.Interest computed on the weighted average amount of accumulated expenditures for the building during 2020 was P80,000.What amount of interest cost should Earth capitalize?

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