Question: Hello, please help! Please provide a detail solution for this question. Thank you! Situation II During 2017, Blue Corporation constructed and manufactured certain assets and

Hello, please help! Please provide a detail solution for this question. Thank you!

Situation II During 2017, Blue Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities. Interest Costs Incurred $33,320 Warehouse constructed for Blue's own use Special-order machine for sale to unrelated customer, produced according to customer's specifications Inventories routinely manufactured, produced on a repetitive basis 9,080 7,370 All of these assets required an extended period of time for completion. Assuming the effect of interest capitalization is material, what is the total amount of interest costs to be capitalized? The total amount of interest costs to be capitalized

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