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Can someone help me finish this??? Problem 5-Capitalization of interest. were incurred for construction: On March 1, Aardvark Co. began construction of a small building.
Can someone help me finish this??? Problem 5-Capitalization of interest. were incurred for construction: On March 1, Aardvark Co. began construction of a small building. The following expenditures March 1 300,000 May 1 July 1 April 1 296,000 June 1 1,080,000 720,000 400,000 The building was completed and occupied on July 1. To help pay for construction $200,000 was borrowed on ring the year was a $2,000,000, 10% note issued two 12%, three-year notepayable. Theonly other debt outstanding du years ago Instructions (a) Calculate the weighted-average accumulated expenditures. Expenditure March 1 | t >00.000 Agcil 14296,000 Fraction ia Weighted expenditure $100,000 74 000 120,000 10,000 unA $38/000 (b) Calculate avoidable interest -average aecum. (c) At what amount will the building be recorded on Aardvark's books
Can someone help me finish this???
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