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Ouestion of 19 Question 5 5 points Save An On January 1, 2014, Zina began construction of a new plant building. The plant was finished

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Ouestion of 19 Question 5 5 points Save An On January 1, 2014, Zina began construction of a new plant building. The plant was finished and ready for use after 2 years. Expenditures for the construction were as follows: January 1, 2014 May 1, 2014 July 1, 2014 August 1, 2014 January 31, 2015 December 31, 2015 S60,000 900.000 300.000 150.000 100.000 250.000 Zina borrowed $450,000 on a construction loan at 10% interest on January 1, 2014. This loan was outstanding during the construction period. The company also had the following outstanding loans during construction period: 1 - $1,000,000 in 9% bonds 2- $2,000,000 loan with 5% annual interest rate 3. $2,500,000 loan with 10% annual interest rate instructions: a- The interest capitalized for 2014 was: b-interest expense for 2014 was

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