Multiple Choice
During 2018, Dosekis Co. calculated weighted-average accumulated expenditures of $200,000 after construction of assets that qualified for capitalization of interest. The only debt outstanding during 2018 was a $300,000, 10%, 5-year note payable dated January 1, 2015. What is the amount of interest that should be capitalized by Dosekis during 2018?
A) $10,000
B) $20,000
C) $30,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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