Essay
During 2014,Brent Industries,Inc.constructed a new manufacturing facility at a cost of $12,000,000.The weighted average accumulated expenditures for 2014 were calculated to be $5,400,000.The company had the following debt outstanding at December 31,2014:
Determine the amount of interest to be capitalized by Brent Industries for 2014.
Correct Answer:
Verified
Correct Answer:
Verified
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