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On December 31, 2024. Sheffeld Inc, borrowed $1,290,000 at 13% payable annually to finance the construction of a new building In 2025 , the company
On December 31, 2024. Sheffeld Inc, borrowed $1,290,000 at 13% payable annually to finance the construction of a new building In 2025 , the company made the following expenditures related to this building: June 1, $516,000; July 1, $774,000; September 1. \$1,548,000: December 1,\$774,000. The building was completed in April 2026. Additional information is provided as follows: (a) Your answer is incorrect. Determine the amount of interest to be capitalized in 2025 in relation to the construction of the building, (Reund answer to 0 decimal places, e9.5,125.) The arnount of interest 5
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