Interest capitalized for 2009 was:
A)$48,000.
B)$42,000.
C)$60,000.
D)$36,000.$300,000 (determined above) 12% = $36,000

Name: Interest capitalized for 2009 was: A)$48,000. B)$42,000. C)$60,000. D)$36,000.$300,000 (determined above) 12% = $36,000
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Question

Quizplus · Accepted Answer

We can determine the interest capitalized for 2009 by multiplying the balance of the project at the beginning of 2009 ($300,000) by the interest rate (12%), which gives us $36,000. Therefore, the correct answer is option D.

Interest Capitalized for 2009 Was