Business, 15.04.2020 21:21 barbar12345

On January 2, 2020, Marigold Corp. began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 606000 September 1, 2020 1802400 December 31, 2020 1802400 March 31, 2021 1802400 September 30, 2021 1215000 Marigold Corp. borrowed $3380000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13080000 in 7% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was:

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On January 2, 2020, Marigold Corp. began construction of a new citrus processing plant. The automate...

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