Question: On December 3 1 , 2 0 2 4 , Marigold Inc, borrowed 3 2 4 0 0 0 0 at ( 1 3
On December Marigold Inc, borrowed at payable annually to finance the construction of a new building. In the company made the following expenditures related to this building: March June $ ; July $ ; December $ The building was completed in February Additional information is provided as follows:
Other debt outstanding:
year, bond, December interest payable annually $
year, note, dated December interest payable annually
March expenditure included land costs
Determine the amount of interest to be capitalized in in relation to the construction of the building.
The amount of interest?
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