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During 2020, Crane Company incurred weighted-average accumulated expenditures of $1640000 during construction of assets that qualified for capitalization of interest. The only debt outstanding
During 2020, Crane Company incurred weighted-average accumulated expenditures of $1640000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2020 was a $2020000, 9%, 5-year note payable dated January 1, 2020. What is the amount of interest that should be capitalized by Crane during 2020? $181800. $0. O $34200. O $147600.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
