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On January 1, 2020, Bramble, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,455,000. It

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On January 1, 2020, Bramble, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,455,000. It was estimated that it would take 3 years to complete the project. Also on January 1,2020, to finance the construction cost, Bramble borrowed $4,455,000 payable in 10 annual instaliments of $445,500, plus interest at the rate of 10%. During 2020, Bramble made deposit and progress payments totaling $1,670,625 under the contract; the weighted-average amount of accumulated expenditures was $891,000 for the year. The excess borrowed funds were invested in short-term securities, from which Bramble realized investment income of $257,100. What amount should Bramble report as capitalized interest at December 31, 2020? Capitalized interest $ During 2020, Sunland Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities. All of these assets required an extended period of time for completion. Assuming the effect of interest capitalization is material, what is the total amount of interest costs to be capitalized? Coronado, Inc. has a fiscal year ending April 30 . On May 1,2020, Coronado borrowed $10,890,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30,2021, weighted-average accumulated expenditures were $3,811,500. Interest earned on the unexpended portion of the loan amounted to $707,850 for the year. How much shoutd be shown as capitalized interest on Coronado's financial statements at April 30, 2021? Capitalized interest on Coronado's financial statements $

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