Question
Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2021. Agasse made payments to the
Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2021. Agasse made payments to the general contractor of $454,000 on April 1, $954,000 on August 31, and $554,000 on December 31. Required: Compute the amount of interest that Agasse would capitalize in 2021.
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Using Microsoft Excel And Access 20 For Accounting
Authors: Glenn Owen
5th Edition
133751229X, 9781337512299
