Answered You can hire a professional tutor to get the answer.
QUESTION
began constructing a building for its own use in January 2015.
- Step by step explanation please
- Ole Inc. began constructing a building for its own use in January 2015. During 2015 Ole incurred interest of $72,000 on specific construction debt, and $28,800 on other borrowings. Interest computed on the weighted average amount of accumulated expenditures for the building during 2015 was $57,600. What is the amount of interest cost that Ole should capitalize?
