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A company constructs a building for its own use. Construction began on January 1 and ended on December The expenditures for construction were as follows:
A company constructs a building for its own use. Construction began on January and ended on December
The expenditures for construction were as follows: January $; March $; June
$; October $ The company arranged a loan on January for $ Assume
the $ loan is not specifically tied to the construction of the building. The company's other
borrowings, outstanding for the whole year, consisted of a $ million loan and a $ million note with interest
rates of and respectively.
Assuming the company uses the weightedaverage method, calculate the amount of interest capitalized for
the year.
Note: Enter your answers in whole dollars and not in millions. Do not round intermediate calculations.
Round your percentage answers to decimal places ie should be entered as
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