QUESTION 12 On April 1. Bonucci Company began construction of a small building. The following expenditures were incurred for construction: April 1 $ 72.000 May 1 180,000 July 1 270,000 November 1 87.000 The bulding was completed and occupied on November 1 of the same year. To help pay for construction, $160,000 was borrowed on April 1 on a 11. three year note payable. The other debt outstanding during the year was # 1750,000. 10 note issued two years ago, and a $600.000,5.57 noted three years ago. How much interest should Bonucci capitale for the year? $16.680 20.560 $21.160 $22,534 QUESTION 13 Which of the following statements regarding the capitaluation of interest in the acquisition cost of assets during construction are true Reduces otherwise reportable interest experie Results in lower depreciation charges, increasing net income for the post-construction periods 010 Delays expense recognition to the times of using the asset OV Reduces et income during periods of construction and 00 and old Hand and