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Alzparker Company constructed a building at a total actual cost of $22,000,000. Average accumulated expenditures...

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Accounting

Alzparker Company constructed a building at a total actual cost of $22,000,000. Average accumulated expenditures during the construction period amounted to $15,000,000. As a result of financing arrangements, actual interest was $2,320,000, and avoidable interest was $1,400,000. What is the capitalizable cost of the equipment?

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