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please respond to part A. and Part B. Part B asks to calculate the avoidable interest. Thank you in advance! Question 25 On March 1,
please respond to part A. and Part B. Part B asks to calculate the avoidable interest. Thank you in advance! Question 25 On March 1, Cynthia Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $312,000 April 251,000 May 1 729,000 June : 1,149,000 July 1 388,000 The building was completed and occupled on July 1. To help pay for construction $212,000 was borrowed on March 1 on 8 129, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago (a) Calculate the weighted average accumulated expenditures. (Do not leave any answer field bank. Enter for amounts.) Weighted Average Date Expenditures Capitalization Period Accumulated Expenditure March 1 $312,000 April 1 251,000 5 May 1 729,000 June 1 1,149,000 July 1 380,000
please respond to part A. and Part B. Part B asks to calculate the avoidable interest. Thank you in advance!
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