During 2016,Dosekis Co.incurred average accumulated expenditures of $400,000 during construction of assets that qualified for capitalization of interest.The only debt outstanding during 2016 was a $500,000,10%,5-year note payable dated January 1,2013.What is the amount of interest that should be capitalized by Dosekis during 2016?
A)$10,000
B)$40,000
C)$50,000
D)$80,000

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The Answer of During 2016,Dosekis Co.incurred average accumulated expenditures of $400,000 during construction of assets that qualified for capitalization of interest.The only debt outstanding during 2016 was a $500,000,10%,5-year note payable dated January 1,2013.What is the amount of interest that should be capitalized by Dosekis during 2016?
A)$10,000
B)$40,000
C)$50,000
D)$80,000