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During 2013, Super Build Company constructed various assets at a total cost of t00,000. The weighted average accumulated expenditures on assets qualifying for capitalization of
During 2013, Super Build Company constructed various assets at a total cost of t00,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2013 were 500,000. The company had the following debt outstanding at December 31, 2013 1 10%, 5year note to finance construction of various assets, dated January 1, 2013, with interest payable annually on January 1 2300,000 400,000 2124, ten year bonds issued at par on Deceber 31, 2005, with interest payable annually on December 31 3,9%, year note payable, dated January 1, 2015, with interest payable annually on January 200,000 Instructions Compute the amounts of each of the following show computations 1 Avoidable interest 2 Total interest to be capitalised during 2013
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