Computing and Recording Interest Capitalization Bullock Company is constructing a building for its own use and has
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Computing and Recording Interest Capitalization
Bullock Company is constructing a building for its own use and has been capitalizing interest based on average expenditures on a quarterly basis since the project began last year. The following expenditures are made during the first quarter: January $; February $; and March $ Bullock had the following debts outstanding during this quarter.
tableDebtAmountNote payable, incurred specifically to finance construction,$
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