### During 2012 kimmel co incurred average accumulated

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During 2012, Kimmel Co. incurred average accumulated expenditures of \$600,000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2012 was a \$750,000, 10%, 5-year note payable dated January 1, 2010. What is the amount of interest that should be capitalized by Kimmel during 2012

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