Alzparker Company Constructed a Building at a Total Actual Cost

Multiple Choice

Alzparker Company constructed a building at a total actual cost of $24,000,000.Average accumulated expenditures during the construction period amounted to $17,000,000.As a result of financing arrangements,actual interest was $2,120,000,and avoidable interest was $1,600,000.What is the capitalizable cost of the equipment?

A) $19,120,000
B) $25,600,000
C) $26,120,000
D) $27,720,000