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During 2025, Marigold Corp. incurred weighted-average accumulated expenditures of $1520000 during construction of assets that qualified for capitalization of interest. The only debt outstanding

During 2025, Marigold Corp. incurred weighted-average accumulated expenditures of $1520000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2025 was a $2060000, 9%, 5-year note payable dated January 1, 2025. What is the amount of interest that should be capitalized by Marigold during 2025?

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