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DiFiore Company borrowed $1,500,000 on January 1 on a 2-year, 11% note to help finance construction of this building. In addition, the company had outstanding
DiFiore Company borrowed $1,500,000 on January 1 on a 2-year, 11% note to help finance construction of this building. In addition, the company had outstanding all year a 8%, 5-year, $2,000,000 note payable and an 10%, 4-year, $3,500,000 note payable. How much interest should be capitalized?
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