Answered

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On January 1, Lyle Co. purchased a manufacturing facility. After remodeling was completed, the facility was ready for use on
March 1. On April 1, production ben. Interest costs were incurred as follows:
Building
Remodeling
January 1 to March 1 March 1 to April 1
[tex][tex]$10,000
2,000
$[/tex][/tex]5,000
3,000
What amount of interest should Lyle capitalize during the current year?
O A. [tex][tex]$10,000
O B. $[/tex][/tex]12,000
O C. [tex][tex]$15,000
OD. $[/tex][/tex]20,000

Sagot :

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