Business, 21.11.2019 07:31, liliJ

During 2020, bass corporation constructed assets costing $4,000,000. the weightedaverage accumulated expenditures on these assets during 2020 was $2,400,000. to pay for construction, $1,760,000 was borrowed at 10% on january 1, 2020, and funds not needed for construction were temporarily invested in short-term securities, yielding $36,000 in interest revenue. other than the construction funds borrowed, the only other debt outstanding during the year was a $2,000,000, 10-year, 9% note payable dated january 1, 2014. what is the amount of interest that should be capitalized by bass during 2020? a. $240,000
b. $120,000
c. $233,600
d. $377,600

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During 2020, bass corporation constructed assets costing $4,000,000. the weightedaverage accumulated...