​Cranberry Corp

question 143

Multiple Choice

​Cranberry Corp.constructed equipment to manufacture a new line of home products during 2016.The average balance of accumulated expenditures on the equipment during September through December 2016 was $500,000.Construction started on September 1, 2016 and was still in progress at the end of 2016.If Cranberry borrowed $500,000 for one year on September 1, 2016, to finance the construction, and the interest rate on the construction loan was 6%, how much interest can Cranberry capitalize as part of the equipment cost for 2016?

• A) $ -0-
• B) $10,000
• C) $20,000
• D) $30,000

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Connections or interactions between individuals or groups, often marked by emotional or professional bonds.

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A severe condition where children live in households with income far below the poverty threshold, lacking basic needs for healthy development.