Question: Iggy was constructing a building during 2021. During the year, Iggy had capitalized expenditures of: 1/1 $30,000 4/1 $50,000 Iggy completed the building on

Iggy was constructing a building during 2021. During the year, Iggy had

Iggy was constructing a building during 2021. During the year, Iggy had capitalized expenditures of: 1/1 $30,000 4/1 $50,000 Iggy completed the building on 7/1. Iggy had a construction loan of $50,000 at 10% interest, and that was his only debt (it was outstanding for the entire year). How much interest would Iggy capitalize for the construction of the building? (hint: find your weighted ave accum expenditures 1st)

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