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Answer Part b only please During 2023, Carla Vista Company constructed various assets at a total cost of $5.40 million. The weighted-average accumulated expenditures on
Answer Part b only please
During 2023, Carla Vista Company constructed various assets at a total cost of $5.40 million. The weighted-average accumulated expenditures on assets qualifying for capitalization of interest during 2023 were $3.00 million. The company had the follown outstanding at December 31, 2023 : 1. 8%, five-year note to finance construction of various assets, dated January 1,2023 , with interest payable annually on January 1$1,920,000 2. 10%, ten-year bonds issued at par on December 31,2018 , with interest payable annually on December 31$2,160,000 3. 7%, three-year note payable, dated January 1, 2022, with interest payable annually on January 1$1,080,000 (a) Your answer is correct. Calculate the avoidable interest for 2023. (Round answer to 0 decimal places, e.g. 1,525.) Calculate the total interest to be capitalized for 2023. Total interest to be capitalized
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