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In January of 2018, the Falwell Company began construction of its own manufacturing facility. During 2018, $6,000,000 in costs were incurred evenly throughout the year.

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In January of 2018, the Falwell Company began construction of its own manufacturing facility. During 2018, $6,000,000 in costs were incurred evenly throughout the year. Falwell took out a $2,500,000, 10% construction loan at the beginning of the year. The company had no other interest-bearing debt. What amount of interest should Falwell capitalize in 2018? Multiple Choice o so $600,000 Oo oo $300,000 $250,000

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