During 2014,Brent Industries,Inc.constructed a new manufacturing facility at a cost of $12,000,000.The weighted average accumulated expenditures for 2014 were calculated to be $5,400,000.The company had the following debt outstanding at December 31,2014:
Determine the amount of interest to be capitalized by Brent Industries for 2014.
Definitions:
Family Violence
Acts of violence or abuse among members of a family, including physical, emotional, sexual, or psychological harm, often resulting in long-term psychological and health consequences.
Instrumental Functioning
Instrumental functioning refers to the skills and activities required for daily living, often used to assess individuals’ capacity for self-care and independence.
Insulin Injections
A treatment method involving the administration of insulin via injections to manage and control blood sugar levels in individuals with diabetes.
Hypoglycemic Reactions
Adverse responses caused by a significant drop in blood sugar levels, which can include symptoms such as dizziness, sweating, and confusion.
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