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QUESTION

Please show how you get answers and add formulas Carver Department Stores, Inc., constructs its own stores.

Please show how you get answers and add formulas

●    Carver Department Stores, Inc., constructs its own stores. In the past, no cost has been added to the asset value for interest on funds borrowed for construction. Management has decided to correct its policy and desires to include interest as part of the cost of a new store just being completed. Based on the following information, how much interest would be added to the cost of the store

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