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Need 2021 and 2022. The weight for 2021 should be in sixths and for 2022 thirds. Thornton Industries began construction of a warehouse on July

Need 2021 and 2022. The weight for 2021 should be in sixths and for 2022 thirds. image text in transcribed
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Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period 56,ese, eee, 8% note $9,eee eee, 3% bonds Construction expenditures incurred were as follows: July 1, 2021 September 30, 2021 November 3, 2e21 January 30, 2022 $ 580,000 870, eee 870,000 818,000 The company's fiscal year-end is December 31 Required: Calculate the amount of interest capitalized for 2021 and 2022 2021 2022 Calculate the amount of interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (l.e. 0.123 should be entered as 12.3%).) Expenditure Weight Average X Date July 1, 2021 September 30, 2021 November 30, 2021 Accumulated expenditures X X $ 0 $ 0 Interest Rate Amount $ Capitalized Interest 0 Average accumulated expenditures 0 X % 2021 2022 > Calculate the amount of interest capitalized for 2022. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (1.e. 0.123 should be entered as 12.3%).) Date Expenditure Weight Average X January 1, 2022 January 30, 2022 $ 0 5 0 Amount Interest Rate Capitalized Interest $ 0 S 0 X Average accumulated expenditures

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