Question
ABC began constructing a building for its own use at the beginning of the year. During the year ABC incurred interest of $16823 on specific
ABC began constructing a building for its own use at the beginning of the year. During the year ABC incurred interest of $16823 on specific construction debt, and $48933 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during the year was $83292.
The amount of interest ABC should capitalize is:
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
