This is a variation of the previous problem, modified to focus on the weighted-average interest method.] Required:

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This is a variation of the previous problem, modified to focus on the weighted-average interest method.]

Required:

Refer to the facts in Problem 10-9 and answer the following questions:

1. Calculate the amount of interest that Mason should capitalize in 2011 and 2012 using the weighted-average method.

2. What is the total cost of the building?

3. Calculate the amount of interest expense that will appear in the 2011 and 2012 income statements.

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Jul 02, 2013 06:05 AM

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MASON MANUFACTURING COMPANY January 1 2011 1000000 March 1 2011 600000 June 30 2011 800000 October 1 ...View the full answer

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