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Solve within 3 0 min Show your computation. On January I. 2024. the Mason Manufacturing Company began construction of a building to be used as
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On January I. 2024. the Mason Manufacturing Company began construction of a building to be used as its omce headquarters. The completed on September 30, 2025, Expenditures on the project as follows: January l, 2024 March 1. 2024 June 30. 2024 October 1, 2024 January 31. 2025 April 30. 2025 August 31, 2025 600.000 270.000 900.000 On January 2024, the company Obtained a S3 million construction loan With a interest rate, The loan Was outstanding all Of 2024 and 2025. The company's Other interest-bearing debt included two lone-term notes Of and With interest rates Of 6% and SS. resJxctiveIy_ Both notes were outstanding during all of 2024 and 2025. Interest is paid annually on all debt. The company's fiscal yearend is December 31 _ 4. Compute the cost to be allocated to the building in 2025 other than Capitalized Interest, your computation in the workpaper provided.
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