3 Practice Knowledge Check due day 5 i 4 Exercise 10 22 (Static) Interest capitalization LO10 7 2 nts eBook Saved On January 1, 2021, the Marjlee Company began construction of an office building to be used as its corporate headquarters The building was completed early in 2022 Construction expenditures for 2021, which were incurred evenly throughout the year, totaled $6,000,000 Marjlee had the following debt obligations which were outstanding during all of 2021 Construction loan, 10 Long term note, 9 Long term note, 6 Hint Required Print References $1,500,000 2,000,000 4,000,000 Calculate the amount of interest capitalized in 2021 for the building using the specific interest method Interest capitalized

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<3 - Practice: Knowledge Check [due day 5] i 4 Exercise 10-22 (Static) Interest capitalization [LO10-7] 2 nts eBook Saved On January 1, 2021,

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