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practice final ( i ) Montgomery Industries spent $ 6 2 0 , 0 0 0 in 2 0 1 5 on a construction project

practice final
(i)
Montgomery Industries spent $620,000 in 2015 on a construction project to bulld a library. Montgomery also capitalized $31,000 of interest on the project in 2015. Montgomery financed 100% of the construction with a 8% construction loan. The project was completed on September 30,2016. Additional expenditures in 2016 were as follows:
\table[[,],[Feb.28,$91,800
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