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Unformatted text preview: as follows (assuming the company already recorded all of the interest expense): Building 30,417 Interest expense 30,417 IF THE TOTAL INTEREST EXPENSE FOR THE PERIOD WAS $25,000, THEN ALL OF IT COULD BE CAPITALIZED, BUT NOT THE FULL AMOUNT OF THE 30,417 CAPITALIZABLE, IT WOULD BE: Building 25,000 Interest expense 25,000...
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- Winter '08