Interest During Construction
Tallman Company is constructing a production complex that qualifies for interest capitalization. The following information is available:
2016: | ||
January 1 | $ 564,000 | |
May 1 | 393,000 | |
October 1 | 504,000 | |
2017: | ||
March 1 | 1,524,000 | |
June 30 | 696,000 |
Required:
Note: Round all final numeric answers to the nearest dollar.
Capitalized interest, 2016 | $ |
Capitalized interest, 2017 | $ |
$
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Interest During Construction Tallman Company is constructing a production complex that qualifies for interest capitalization. The...
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