During 2012 evander corporation constructed and, Ask an Expert

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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, Accounting

Category:- Accounting Basics
Reference No.:- M9980364

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