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Accounting Essay Essay Preview: Accounting Essay Report this essay Quiz 21. Largo Inc. ended 20×5 by capitalizing interest of $32,000 on the construction of equipment for its own use. During 20×5 Largo also spent $560,000 on qualifying construction expenditures. The 12/31/x5 balance in construction in progress therefore is $592,000. In 20×6 Largo spent $420,000 more.