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On March 1, Melissa Co. began construction of a small building. The following expenditures were incurred for construction: The building was completed and occupied on

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On March 1, Melissa Co. began construction of a small building. The following expenditures were incurred for construction: The building was completed and occupied on July 1. To help pary for construction $218.000 was borrowed on March 1 on a 129 , three: year note payable. The only other debt outstanding during the year was a $2,000,000,10% note issued two years ago. Weighted-Average Date Expenditures Capitalization Period Accumulated Expenditure March 1$318,000 April 1302,000 May 1727,500 June 11,089,000 July 1 Calculate avoidable interest. (Round answer to 0 decimal places, eg. 12,515.)

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