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Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $5,220,000 on March 1,$3,480,000 on
Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $5,220,000 on March 1,$3,480,000 on June 1 , and $8,700,000 on December 31 . Pronghorn Company borrowed $2,900,000 on March 1 on a 5year,10% note to help finance construction of the building. In addition. the company had outstanding all year a 12%,5-year, $5,800,000 note payable and an 11%,4-year, $10,150,000 note payable. Compute avoidable interest for Pronghorn Company. Use the weighted-average interest rate for interest capitalization purposes. (Round "Weighted-average interest rate" to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, eg. 5,275.) Avoidable interest Sage Hill Inc, is constructing a building. Construction began on March 1 and was completed on December 31 . Expenditures were $636,000 on March 1, $848,000 on July 1 , and $763,200 on December 1. Compute Sage Hill's weighted-average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures \$ $
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