During 2020,Tibet Building Company constructed various assets at a total cost of $4.2million.The weighted average...
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During 2020,Tibet Building Company constructed various assets at a total cost of $4.2million.The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2020 were $2.8 million.The company had the following debts outstanding at December 31,2020: 1.8%,five year note to finance construction of various assets,dated January 1 2020,with interest payable annually on January 1 $1800000
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