Question: help with quest 4 pls Klipspringer Company decided to construct an asset its own use. The company began construction of the asset on January 1,

 help with quest 4 pls Klipspringer Company decided to construct an

help with quest 4 pls

Klipspringer Company decided to construct an asset its own use. The company began construction of the asset on January 1, 2016 and completed construction on December 31, 2016. The company has one loan outstanding since 2014 in the amount of 700,000 with annual interest at the rate of 8%. The company made the following expenditures during 2016: 1/1/2016 200,000 3/1/2016 225,000 8/1/2016 60,000 10/1/2016 50,000 Required: Determine the amount of interest expense that should be capitalized to the asset

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