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During 2020, Warren Buffett Corporation constructed assets costing 14,000,000. The weighted average accumulated expenditures on these assets during 2030 was 12,400,000. To help pay for

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During 2020, Warren Buffett Corporation constructed assets costing 14,000,000. The weighted average accumulated expenditures on these assets during 2030 was 12,400,000. To help pay for construction, $1,750,000 was borrowed at 10 on January 1, 2020, and funds not needed for construction were reporarily invested in short term securities, yelang 136.000 in Wrest revenus Oer than the construction funds borrowed, the only other debt out and during the year was a 12,000,000, 10yew, note payable dated January 1, 2014. What is the amount of interest that should be capitalized by Buffet during 20301 $377,600 1240.000 $120.000 123.500

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