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On Jan. 1, 2020, a company began construction on a new building. The project was completed at the end of 2020 Total construction costs for

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On Jan. 1, 2020, a company began construction on a new building. The project was completed at the end of 2020 Total construction costs for the building were $10,000,000. The average accumulated expenditures were $6,000,000 During 2020, the company had a 12%, 7,000,000 long-term note outstanding. This was the company's only debt. What amount of interest is capitalized? What is the total acquisition cost of the Building

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