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Current Attempt in Progress During 2020, Karen Building Company constructed various assets at a total cost of $12,600,00. The weighted average accumulated expenditures on assets
Current Attempt in Progress During 2020, Karen Building Company constructed various assets at a total cost of $12,600,00. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2020 were $8,001,000. T. a company had the following debt outstanding at December 31, 2020: 1. 10%,5-year note to finance construction of various assets, dated January 1,2020 , with interest payable $5,459,000 annually on January 1 2. 12% ten-year bonds issued at par on December 31,2 , 4 , with interest payable annually on December 31 3. 9%,3-year note payable, dated January 1,2019 , with interest payable annually on January 1 Compute the amounts of each of the following. 1. Avoidable interest 2. Total interest to be capitalized during 2020 \$
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