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During 2022, Gamora Hotels had $840,000 of weighted average accumulated expenditures while constructing a building for its new hotel. Throughout the entire year, the company
During 2022, Gamora Hotels had $840,000 of weighted average accumulated expenditures while constructing a building for its new hotel. Throughout the entire year, the company had the following debt outstanding Construction Loan: $400,000 at 5% Note Payable: $1,800,000 at 7% Note Payable: $400,000 at 10% What is the amount of interest that should be capitalized in 2022? "Round interest rate percent to two decimal points xxxx or xxxx%) during calculations 63.420 60.060 186.000 53.220 33.220
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