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BE9.4 (LO 2) Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March
BE9.4 (LO 2) Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1,$1,200,000 on June 1 , and $3,000,000 on December 31. Compute Hanson's weighted-average accumulated expenditures for interest capitalization purposes. BE9.5 (LO 2) Hanson Company (see BE9.4) borrowed $1,000,000 on March 1 on a 5-year, 12\% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, \$2,000,000 note payable and an 11%,4-year, $3,500,000 note payable. Compute the weighted-average interest rate used for interest capitalization purposes. BE9.6 (LO 2) Use the information for Hanson Company from BE9.4 and BE9.5. Compute avoidable interest for Hanson Company
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