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Oyster Bay Seafood Company started construction of a warehouse building for its own use at an estimated cost of $5,000,000 on January 1, 2013, and

Oyster Bay Seafood Company started construction of a warehouse building for its own use at an estimated cost of $5,000,000 on January 1, 2013, and completed the building on December 31, 2013. During the construction period, Alfred has the following debt obligations outstanding. Construction loan

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