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Business, 03.08.2021 19:20 finldani4

During 2019, Kimmel Co. incurred weighted average accumulated expenditures of $800,000 during the construction of assets that qualified for capitalization of interest. The only debt outstanding during 2019 was a $1,000,000, 10%, 5 year note payable dated January 1, 2019. What is the amount of interest that should be capitalized by Kimmel during 2019

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