started on 01/01/2020 and continued until 06/01/2021. Company A borrowed a bank loan to be used...

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started on 01/01/2020 and continued until 06/01/2021. Company A borrowed a bank loan to be used in UCon facility built. The construction started on 01 ine tollowing information on Company A's bank loans is available Company A signed an agreement with a contractor to have a production facility built. The construction financing of the construction. The following information on Company As bank loans is available: Date Borrowed 12/31/2019 Amount ($) Annual Interest Rate Term Specific Construction Loan Other Loan 1,000,000 7 percent 8 percent 4 years 10/10/2018 700,000 9 years 7 years Other Loan 12/17/2016 2.800,000 10 percent Company A incurred the following costs during the construction of the facility: Expenditure Date Expenditure Amount ($) 900,000 01/01/2020 05/01/2020 240,000 08/01/2020 960,000 05/01/2021 200,000 06/01/2021 160,000 How much interest cost should Company A capitalize in 2021? O $81,347 O $79,333 O $74,161 O $73,018 started on 01/01/2020 and continued until 06/01/2021. Company A borrowed a bank loan to be used in UCon facility built. The construction started on 01 ine tollowing information on Company A's bank loans is available Company A signed an agreement with a contractor to have a production facility built. The construction financing of the construction. The following information on Company As bank loans is available: Date Borrowed 12/31/2019 Amount ($) Annual Interest Rate Term Specific Construction Loan Other Loan 1,000,000 7 percent 8 percent 4 years 10/10/2018 700,000 9 years 7 years Other Loan 12/17/2016 2.800,000 10 percent Company A incurred the following costs during the construction of the facility: Expenditure Date Expenditure Amount ($) 900,000 01/01/2020 05/01/2020 240,000 08/01/2020 960,000 05/01/2021 200,000 06/01/2021 160,000 How much interest cost should Company A capitalize in 2021? O $81,347 O $79,333 O $74,161 O $73,018

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