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Business, 12.08.2020 05:01 tasiajm

Cole Co. began constructing a building for its own use in January 20X3. During 20X3, Cole incurred interest of $50,000 on specific construction debt, and $20,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during 20X3 was $40,000. What amount of interest cost should Cole capitalize

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Cole Co. began constructing a building for its own use in January 20X3. During 20X3, Cole incurred i...
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