Question: On March 1 , 2 0 2 5 , Concord Corporation purchased land for an office site by paying $ 2 7 4 0 0

On March 1,2025, Concord Corporation purchased land for an office site by paying $2740000 cash. Concord began construction on
the office building on March 1.
The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3560000 was
borrowed on March 1,2025 on a 9%,3-year note payable. Other than the construction note, the only debt outstanding during 2025
was a $1590000,12%,6-year note payable dated January 1,2025.
Assume the weighted-average accumulated expenditures for the construction project are $4360000. The amount of interest cost to
be capitalized during 2025 is
$511200.
$392400.
$457800.
$416400.
On March 1,2025, Concord Corporation purchased land for an office site

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