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Assuming the effect of interest capitalization is material

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Reference no: EM13602787

During 2012, Evander Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities.

  • Interest Costs
  • Incurred
  • Warehouse constructed for Evander's own use $34,900
  • Special-order machine for sale to unrelated customer, produced according to customer's specifications 9,350
  • Inventories routinely manufactured, produced on a repetitive basis 8,330

All of these assets required an extended period of time for completion.
Assuming the effect of interest capitalization is material, what is the total amount of interest costs to be capitalized?

Reference no: EM13602787

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