Business
Business, 23.10.2019 01:30, jtgarner402

Hawkins corporation began construction on a motel on march 31, 2018. the project was completed on april 30, 2019. no new loans were required to fund construction. hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction perios: $4,000,000 6% note $16,000,000 10% bonds construction expenditures incurred were as follows: march 31, 2018 $4,000,000 june 30, 2018 6,000,000 november 30, 2018 1,800,000 february 28, 2019 3,000,000 the company's fiscal year-end is december 31. required: calculate the amount of interest capitalized for 2018 and 2019.

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