Compute the amount of interest walters can capitalize

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Question: Walters Enterprises decides to construct a warehouse on January 1, 2019. It borrows $590,000 at an annual interest rate of 7%. Walters completes the warehouse and begins using it on October 1, 2019. Compute the amount of interest Walters can capitalize to the warehouse account in 2019.

Reference no: EM133375366

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