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On December 3 1 , 2 0 2 3 , Bramble Inc., a public company, borrowed $ 4 million at 1 1 % payable annually

On December 31,2023, Bramble Inc., a public company, borrowed $4 million at 11% payable annually to finance the construction of a new building. In 2024, the company made the following expenditures related to this building structure: March 1, $506,000; June 1, $606,000; July 1, $1.5 million (of which $388,000 was for the roof); December 1, $1.5 million (of which $669,000 was for the building HVAC). Determine the interest amount that could be capitalized in 2024 in relation to the building construction.
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