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Business, 30.07.2020 03:01 oneicyahdaley10

In January of 2009, the Falwell Company began construction of its own manufacturing facility. During 2009, $6,000,000 in costs were incurred evenly throughout the year. Falwell took out a $2,500,000, 10% construction loan at the beginning of the year. The company had no other interest-bearing debt. What amount of interest should Falwell capitalize in 2009

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In January of 2009, the Falwell Company began construction of its own manufacturing facility. During...
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