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Carla Inc is a book distributor that had been operating in its original facility since 1990 . The increase in certification programs and continuing education

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Carla Inc is a book distributor that had been operating in its original facility since 1990 . The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Carla since 2015. Carla' original facility became obsolete by early 2020 because of the increased sales volume and the fact that Carla now carries CDs in addition to books. On June 1, 2020, Carla contracted with Black Construction to have a new building constructed for $5,360,000 on land owned by Carla. The payments made by Carla to Black Construction are shown in the schedule below. Construction was completed and the building was ready for occupancy on May 27, 2021. Carla had no new borrowings directly associated with the new building but had the following debt outstanding at May 31.2021, the end of its fiscal year. 10%, 5 year note payable of $2,680,000, dated April 1,2017, with interest payable annually on Aprii 1. 12%,10-year bond issue of $4,020,000 sold at par on June 30,2013 , with interest payable annually on June 30. The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new bulding. compar lu wititite effect of expensing the interest, is material. Compute the weighted-average accumulated expenditures on Carla's new building during the capitalization period. Weighted-Average Accumulated Expenditures eTextbook and Media Compute the avoidable interest on Carla's new building. (Round intermediate percentage calculation to 1 decimal place, es. 15.6\% and final answer to 0 decimal places, eg. 5,125.) Avoidable Interest Some interest cost of Carla Inc is capitalized for the year ended May 31. 2021. Compute the amount of each items that must be disclosed in Carla's financial statements. Total actual interest cost $ Total interest capitalized \$ Total inter est expensed $

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