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During 2020, Sheridan Company incurred weighted average accumulated expenditures of $1680000 during construction of assets that qualified for capitalization of interest. The only debt outstanding

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During 2020, Sheridan Company incurred weighted average accumulated expenditures of $1680000 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 Sheridan during 2020? $0. $36000. $187200. $151200

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