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What is the capitalized cost of the building

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Question - Alzparker Company constructed a building at a total actual cost of $30,000,000. Weighted-average accumulated expenditures during the construction period amounted to $23,000,000. As a result of financing arrangements, actual interest was $1,820,000, and avoidable interest was $1,600,000. What is the capitalized cost of the building?

a. $24,820,000

b. $31,600,000

c. $31,820,000

d. $33,420,000

Reference no: EM132579567

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