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On January 1.20X9, Davidson Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 20X10. Expenditures on

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On January 1.20X9, Davidson Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 20X10. Expenditures on the project were as follows: January 1.20X9 $300,000 September 1,20x9 450,000 December 31.20X9 150,000 March 31,20X10 350,000 September 30, 20X1O 300,000 Davidson borrowed S 300000 of specific construction debt at 7% on January 1 200 and had S 500,000 in 8% bonds outstanding through both years. Required: Davidson's interest to capitalized in 20X9 is: HTML Editor

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