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During 2020, Bramble Corp. incurred weighted-average accumulated expenditures of $1720000 during construction of assets that qualified for capitalization of interest. The only debt outstanding
During 2020, Bramble Corp. incurred weighted-average accumulated expenditures of $1720000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2020 was a $2080000, 9%, 5-year note payable dated January 1, 2020. What is the amount of interest that should be capitalized by Bramble during 2020? O $187200. O $0. O $154800. O $32400.
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds
9th edition
9781259296802, 9781259296758, 78025907, 1259296806, 9781259296765, 978-0078025907
