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On January 1, 2024, the Marjee Company began construction of an office buliding to be used as its corporate headquarters: Thebulding was completed early in

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On January 1, 2024, the Marjee Company began construction of an office buliding to be used as its corporate headquarters: Thebulding was completed early in 2025, Construction expenditures for 2024, which were incurred evenly throughout the yeac, totaled $6,300,000. Marjlee had the following debt obligations which were outstanding during all of 2024 : Required: Calculate the amount of interest capitalized in 2024 for the building using the specific interest method

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