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a. Compute the weighted-average accumulated expenditures for the current year. b. Compute the amount of avoidable interest and actual interest cost for the current year.
a. | Compute the weighted-average accumulated expenditures for the current year. |
b. | Compute the amount of avoidable interest and actual interest cost for the current year. |
c. | Indicate the amount of total interest to be capitalized and the amount of interest expense for the year. |
d. | Prepare the journal entry to record the December 31 interest payments. Assume that the interest is paid in cash and that any interest capitalized is recorded in the Construction in Progress account. |
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