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Please show how to get the answer as well! On January 2, 2017, Oriole Company began construction of a new citrus processing plant. The automated
Please show how to get the answer as well!
On January 2, 2017, Oriole Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2018. Expenditures for the construction were as follows: January 2, 2017 September 1, 2017 December 31, 2017 March 31, 2018 September 30, 2018 603000 1810800 1810800 1810800 1218000 Oriole Company borrowed $3300000 on a construction loan at 10% nterest on January 2. 2017. This loan was outstanding during the construction period e c mpany als nad nss 0 % bonds outstanding in 2017 and 2018. The interest capitalized for 2017 was: $158200 $482340 $ 474600 $120660Step by Step Solution
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