On January 1, Year 1, Romano Tire Service, Inc. signed a contract to have a new service center built for $900,000. On the same day, Romano borrowed $400,000 to finance the construction. This is an annual loan at a stated rate of 10%. Other Debt existing on the books as of January 1, Year 1: $ 500,000 @ 9% $1,000,000 @ 12% Expenditures made on the project during Year 1 were as follows: 1/1 $600,000 10/1 $200,000 $800,000 Question 1 0.5 pts Avoidable Interest = $ Enter your answer like this: no commas (they will show automatically), no pennies, no spaces, no dollar signs Question 2 0/0.5 pts WAAE = $ Enter your answer like this: no commas (they will show automatically), no pennies, no spaces, no dollar signs D Question 3 0.5 pts Actual Interest = $____ Enter your answer like this: no commas (they will show automatically), no pennies, no spaces, no dollar signs Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. I know that Actual Interest is based on [ Select] whereas Avoidable Interest is 9 [ Select ] based on V Since [Select ] is less than (Select] and GAAP tells me to capitalize actual or avoidable whichever is [ Select] therefore, I predict that [Select ] will be capitalized. Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. I know that Actual Interest is based or [Select] whereas Avoidable Interest is WAAE based on [Select] Total Debt is less than Total Expenditures [ Select] and GAAP tells me to capitalize actual or avoidable whichever is Select therefore, I predict that [Select] will be capitalized Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. I know that Actual Interest is based on [ Select) whereas Avoidable Interest is Since [Select] is less than based on [Select ] WAAE [Select Total Debt Total Expenditures Select] AP tells me to capitalize actual or avoidable whichever is therefore, I predict that [Select] will be capitalized. Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. V I know that Actual Interest is based on [ Select] whereas Avoidable Interest is h based on [Select] is less than [Select] . Since [Select ] WAAE v and GAAP tells Total Debt Total Expenditures therefore, I predict that [Select ] able whichever is [Select) will be capitalized. Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. I know that Actual Interest is based on [ Select] , whereas Avoidable Interest is based on [Select ] Since [Select] is less than and GAAP tells me to capitalize actual or avoidable whichever is [ Select ] WAAE Total Debt Total Expenditures capitalized. therefore, I predict that Select] will be Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. I know that Actual Interest is based on [ Select] whereas Avoidable Interest is based on Select ] Since [Select) is less than [Select] and GAAP tells me to capitalize actual or avoidable whichever is Select] . therefore, I predict that [Select] will be more less Question 4 0.5 pts I want to predict what interest should be capitalized so I can decide if my answer is reasonable or not. I know that Actual Interest is based on [Select] whereas Avoidable Interest is based on [Select] Since [Select ] is less than [ Select) and GAAP tells me to capitalize actual or avoidable whichever is 1 Select) will be capitalized. therefore, I predict tha[ Select ] Actual Avoidable WAAE