Business, 17.12.2021 03:40 Hellokittyjam35
July 1, 2020 54 October 1, 2020 22 February 1, 2021 30 April 1, 2021 21 September 1, 2021 20 October 1, 2021 6 On July 1, 2020, Crocus obtained a $70 million construction loan with a 6% interest rate. The loan was outstanding through the end of October, 2021. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 8%. This note was outstanding during all of 2020 and 2021. The company's fiscal year-end is December 31. What is the amount of interest that Crocus should capitalize in 2020, using the specific interest method
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