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Kobe Company began constructing a building for its own use on July 1, 20x1. Durify, 20xi, Kobe incurred interest of $400,000 on construction expenditures of

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Kobe Company began constructing a building for its own use on July 1, 20x1. Durify, 20xi, Kobe incurred interest of $400,000 on construction expenditures of $9,000,000 with BN6 annual interest rate. Reguired. 1. What is the avoudable interest? 2. What amount of interest should Kobe capitalize

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