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Your answer is incorrect. During 2025, Lisa Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets
Your answer is incorrect. During 2025, Lisa Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2025 were $8,435,000. The company had the following debt outstanding at December 31, 2025: 1. 10%,5-year note to finance construction of various assets, dated January 1,2025 , with interest payable annually on January 1 $5,279,000 2. 12%, ten-year bonds issued at par on December 31, 2016, with interest payable annually on December 31 6,119,000 3. 9%, 3-year note payable, dated January 1, 2025, with interest payable annually on January 1 3,059,500 Compute the amounts of each of the following. 1. Avoidable interest $ 2. Total interest to be capitalized during 2025 $
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