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During 2020, Susan Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of

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During 2020, Susan Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2020 were $8,138,000. The 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 annually on January 1 $5,452,000 2. 12%, ten-year bonds issued at par on December 31.2014 , with interest payable annually on December 315,946,000 3. 9%,3-year note payable, dated January 1,2019, with interest payable annually on January 1 2,973,000 Compute the amounts of each of the following: 1. Avoidable interest 2. Total interest to be capitalized during 2020

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