Compute interest cost that alaska should capitalized


Alaska Co began constructing a warehouse for its own use in March 2005. During 2005, Alaska incurred interest of $75,000 on specific construction debt, and $30,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during 2005 was $60,000. Compute interest cost that Alaska should capitalized?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Compute interest cost that alaska should capitalized
Reference No:- TGS057295

Expected delivery within 24 Hours