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Mariah Corporation is constructing a new wind power-generating facility. Construction began on January 2 and was completed on December 31 of the current year. Mariah
Mariah Corporation is constructing a new wind power-generating facility. Construction began on January 2 and was completed on December 31 of the current year. Mariah made the following expenditures during the year: (Click the icon to view expenditures.) To specifically finance the project, Mariah issued $2,200,000 of 2 -year, 8% notes payable on January 2. Interest is payable annually on December 31 each year. It earned interest income of $3,000 from investing the proceeds of the note during the year. What amount of interest can Mariah capitalize durina the vear? Let's begin by calculating the weighted-average accumulated expenditures for the current year. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)
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