Question: Multiple Choice Question 75 During 2017, Sheffield Corp. incurred weighted-average accumulated expenditures of $1610000 during construction of assets that qualified for capitalization of interest. The

Multiple Choice Question 75 During 2017, Sheffield Corp. incurred weighted-average accumulated expenditures of $1610000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2017 was a $2030000, 10%, 5-year note payable dated January 1, 2017. What is the amount of interest that should be capitalized by Sheffield during 2017?

A$161000

.B $0.

C $42000.

D $203000.

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