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Randy started to construct a new building in January 1, 2020 and the it was fully completed on December 31, 2020. During this period the
Randy started to construct a new building in January 1, 2020 and the it was fully completed on December 31, 2020. During this period the company has paid for contractors following payment: Date of Payment Payment in $ January 1, 2020 250,000 March 1, 2020 250,000 August 1, 2020 400,000 October 1, 2020 600,000 December 31, 2020 500,000 The debt balances in 2020 shows following: Special Debt for construction has been signed on January 1 , 2020 at interest rate of 12% by $500,000 General Debt (N/P $300,000 10%-10 years dated on January 1, 2018) General Debt (N/P $200,000 7.5%- 5 years dated on January 1, 2019) Required: Capitalized Interest Rate
Randy started to construct a new building in January 1, 2020 and the it was fully completed on December 31, 2020. During this period the company has paid for contractors following payment:
Date of Payment
Payment in $
January 1, 2020
250,000
March 1, 2020
250,000
August 1, 2020
400,000
October 1, 2020
600,000
December 31, 2020
500,000
The debt balances in 2020 shows following:
Special Debt for construction has been signed on January 1 , 2020 at interest rate of 12% by $500,000
General Debt (N/P $300,000 10%-10 years dated on January 1, 2018)
General Debt (N/P $200,000 7.5%- 5 years dated on January 1, 2019)
Required: Capitalized Interest Rate
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
