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Bonita Company is constructing a buliding. Construction began on February 1 and was completed on December 31. Expenditures were $1,896,000 on March 1, $1,296,000 on

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Bonita Company is constructing a buliding. Construction began on February 1 and was completed on December 31. Expenditures were $1,896,000 on March 1, $1,296,000 on June 1, and $3,025,000 on December 31. Bonita Company borrowed $1.089,000 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, $2,327,000 note payable and an 11%,4-year, $3,795,000 note payable. Compute avoidable interest for Bonita Company. Use the welghted-average interest rate for interest capitalization purposes. (Round weightedeverage interest rote to 4 decimal ploces, es. 0.2152 and final answer to 0 decimal ploces, es. 5.275.) Avoldable interest

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