3- Mendenhall Corporation constructed a building at a cost of $14,000,000. Weightedaverage accumulated expenditures were $5,600,000, actual interest was $560,000, and avoidable interest was $280,000, if the salvage value is $1,120,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is 4- Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmith made payments to the construction company of $3,000,000 on 7/1,6,300,000 on 9/1, and $6,000,000 on 12/31 Weightedaverage accumulated expenditures were 5 During 2020. Kimmel Co. incurred weighted average accumulated expenditures of $1,600,000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2020 was a $2,000,000, 10%, 5-year note payable dated January 1, 2020. What is the amount of interest that should be capitalized by Kimmel during 2020? 6- On March 1, Felt Co began construction of a small building. Payments of $480,000 were made monthly for three months beginning March 1. The building was completed and ready for occupancy on June 1, in determining the amount of interest cast to be capitalized, the weighted average accumulated expenditures are 3/1 7. During 2020, Bass Corporation constructed assets costing $4,000,000. The weightedaverage accumulated expenditures on these assets durina 2020 was $2.400.000. To help E pa st ne PC