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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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9 years ago
On January 1, an Enterprise Fund issues $1,000,000 of 6%, ten-year tax-exempt bonds to finance the construction of a new water treatment plant. During the year the Enterprise Fund earned $40,000 of interest income on the bond proceeds and incurred $600,000 of construction costs. What amount of interest cost should be capitalized for the year?
A.   $0.
B.   $20,000.
C.   $36,000.
D.   $60,000.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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#2
3 years ago
perfect answer, thank you
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