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on january 1 2 0 2 3 , lynwood company began construction of a new plant. the plant was finished and ready for use on

on january 12023, lynwood company began construction of a new plant. the plant was finished and ready for use on september 30,2024. expenditures for the construction were as follow: a-jan-2023 $200,0001-aug-2023 $600,001-dec-2023 $300,00031-mar-2024 $500,00030-sep-2024 $350,000. Lynwood company borrowed $800,00 on a construction loan for the project at 10% interst on January 1,2023. This loan was outstanding during the construction period. The company also had $3,000,000 in 8% bonds and $1,000,000 in 12% loans outstanding in both 2023 adn 2024. required: computer the amounts of each of the following. a) avoidable interest and interest to be capitalized for 2023. b) avoidable interst and interest to be capitalized for 2024

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