In January 2018, Quorum Corp. began the construction of a 10-story building. The construction is expected to be completed by January 2019. During 2018, the following payments were made for the construction: No asset specific debt was incurred during the construction and during 2018; Quorum's general debt resulted in a weighted average capitalization rate of 4.47% with total interest of $176,500. REQUIRED: Calculate the amount of borrowing costs that should be capitalized into the construction.

Answer rating: 100% (QA)

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