What is the total amount of interest costs to be capitalized, Accounting Basics

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What is the total amount of interest costs to be capitalized

During 2012, Evander Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities.

Interest Costs
Incurred

Warehouse constructed for Evander's own use $34,900
Special-order machine for sale to unrelated customer, produced according to customer's specifications 9,350
Inventories routinely manufactured, produced on a repetitive basis 8,330

All of these assets required an extended period of time for completion.
Assuming the effect of interest capitalization is material, what is the total amount of interest costs to be capitalized?

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Accounting Basics: What is the total amount of interest costs to be capitalized

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Accounting Basics: What is the total amount of interest costs to be capitalized

Reference No:- TGS0710288

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Recent Questions Asked Accounting Basics

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Accounting Basics: What is the total amount of interest costs to be capitalized

Reference No:- TGS0710288

Recent Questions Asked Accounting Basics

Q : How much will paibecs profits change

Q : What is the break-even point in bags

Q : How much should be shown as capitalized interest

Q : Coupons were presented for redemption

Q : What is the total amount of interest costs to be capitalized

Q : The corporation completed a number of transactions

Q : Prepare the journal entries needed on the books

Q : Journalize the adjusting entry required at the end

Q : The income statement for a corporation

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