Question: On January 1 , 2 0 2 4 , the Shagr Company began construction on a new manufacturing facility for its own use. The bullding

On January 1,2024, the Shagr Company began construction on a new manufacturing facility for its own use. The bullding was completed in 2025. The only interest-bearing debt the company had outstanding during 2024 was long-term bonds with a book value of \$10,800,000 and an effective interest rate of 11\%. Construction expenditures incurred during 2024 were as follows:
Required:
Calculate the amount of interest capitalized for 2024.
On January 1 , 2 0 2 4 , the Shagr Company began

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