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On January 1, 2024, the Marilee Company began construction of an office bulding to be used as its corporate headquarters. The building was completed early

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On January 1, 2024, the Marilee Company began construction of an office bulding to be used as its corporate headquarters. The building was completed early in 2025 . Construction expenditures for 2024 . Which were incurred evenly throughout the year totaled $8700,000. Marjlee had the following debt obligations which were outstanding during all of 2024 : Required: Calculate the amount of interest capitalized in 2024 for the builing using the specific interest method. stiougholationg-terin note: Aiguiredt

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