Place Company started construction of a new office building on January 1 . 2014, and moved into the finished building on July 1 . 2015 . Of the building's $5,000,000 total cost, $4,000,000 was incurred in 2014 evenly throughout the year. Place's incremental borrowing rate was 1 . percent throughout 2014, and the total amount of interest incurred by Place during 2014 was $204,000 . What amount

should Place report as capitalized interest at December 31 . 2014?
a. $480,000
b. $300,000
c. $240,000
d. $204,000


D

Business

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