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. [in January 1, 2014 the company started consn'uction and made the following expenditures related to a building: March 1 $360,000, June 1 $3 000,000,

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. [in January 1, 2014 the company started consn'uction and made the following expenditures related to a building: March 1 $360,000, June 1 $3 000,000, July 31 $1,500,000, and Decuber 31 $T50,000. The building was completed December 31, 2014. The company had the following debt during the construction period: Construction loan12% note with a value of $2,000,000 Short-term loan11% interest with a payable of $1 ,400,000 Long-term loan9% note with a value of $1,250,000 How much interest should be capitalized? What is the total cost of the building? How much should yearly depreciation be if the building has a useful life of 30 years and a salvage value of $300,000

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