Song Company started construction on a building on January 1 of this year and completed construction on December 31 of the same year.Song had only two interest notes outstanding during the year,and both of these notes were outstanding for all 12 months of the year.The following information is available:
What amount of interest should Song capitalize for the current year?
Definitions:
Medical Care
The provision of services to diagnose, treat, and prevent illnesses and maintain physical and mental well-being through healthcare professionals.
America
A continent that comprises the landmasses of North America and South America along with their associated islands and regions.
Health Care Services
A broad range of services provided to individuals or communities to promote, maintain, or restore health.
United States
A country in North America consisting of 50 states and a federal district, known for its significant cultural and political influence globally.
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