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On January 1,2020, Bramble, Inc signed a foxed-price contract to have Builder Associates construct a major plant facility at a cost of $4.455.000. It was

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On January 1,2020, Bramble, Inc signed a foxed-price contract to have Builder Associates construct a major plant facility at a cost of $4.455.000. It was estimated that it would take 3 years to complete the project. Also on January 1,2020 , to finance the construction cost, Bramble borrowed $4,455,000 payable in 10 annual installments of $445,500, plus interest at the rate of 10%. During 2020, Bramble made deposit and progress payments totaling $1,670,625 under the contract; the weighted-average amount of accumulated expenditures was $891,000 for the year. The excess borrowed funds were invested in shork term securities, from which Bramble realized investment income of $257,100. What amount thould Bramble report as capitalized interest at December 31, 2020 ? Capitalizedinterest 5 During 2020, Sunland Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities. All of these assets required an extended period of time for completion. The total amount of interest costs to be capitalized

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