Question: i need help solving part A please! On December 31, 2016, Shamrock Inc. borrowed $4, 380,000 at 12% payable annually to finance the construction of
i need help solving part A please!
On December 31, 2016, Shamrock Inc. borrowed $4, 380,000 at 12% payable annually to finance the construction of a new building. In 2017, the company made the following expenditures related to this building: March 1, $525, 600; June 1, $876,000; July 1, $2, 190,000; December 1, $2, 190,000. The building was completed in February 2018. Additional information is provided as follows. Determine the amount of interest to be capitalized in 2017 in relation to the construction of the building
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