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Business, 20.11.2019 21:31 minstcordell4115

During 2020, kimmel co. incurred weighted-average accumulated expenditures of $1,600,000 during construction of assets that qualified for capitalization of interest. the only debt outstanding during 2020 was a $2,000,000, 10%, 5-year note payable dated january 1, 2020. what is the amount of interest that should be capitalized by kimmel during 2020?

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During 2020, kimmel co. incurred weighted-average accumulated expenditures of $1,600,000 during cons...
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