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Which section of the authoritative guidance should tal use

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Problem 1: Tal Co. routinely manufactures cars. On January 1, Year 1, Tal started a massive production of a new model of cars. To finance the production, on January 1, Year 1, Tal took a 5%, $900 million loan from Bishop Bank. Which section of the authoritative guidance should Tal use to determine whether the Year 1 interest on the loan qualifies for capitalization to cars' cost?

Reference no: EM132651101

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