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Need help with this question On January 1, 2018, Kendall Ine began construction of an automated cattle feeder system. The system was finished and ready
Need help with this question On January 1, 2018, Kendall Ine began construction of an automated cattle feeder system. The system was finished and ready for use on October 30, 2019 Expenditures on the project were as follows: January 1, 2018 September 1, 2018 December 31, 2018 March 31, 2019 September 30, 2019 $ 500,000 $ 450,000 $ 300,000 $ 300,000 $ 200.000 Kendall borrowed $550,000 on a construction loan at 10% interest on January 1, 2018 This loan was outstanding throughout the construction period The company had $5,500,000 in 9% bonds payable outstanding in 2018 and 2019. Requirements 1) Calculate Interest capitalized for 2018 2) Calculate Interest Expense for 2018 3)Please Calculate Average accumulated expenditures for 2019
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