Question: Interest During Construction Matrix Inc. borrowed $ 1 , 1 0 0 , 0 0 0 at 8 % to finance the construction of a

Interest During Construction
Matrix Inc. borrowed $1,100,000 at 8% to finance the construction of a new building for its own use. Construction began on January 1, Year 1, and was complet October 31, Year 1. Expenditures related to this building were:
\table[[January 1,$258,000(includes cost of purchasing land of $150,000
Interest During Construction Matrix Inc. borrowed $1,100,000 at 8% to finance

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