Question: A company constructs a bullding for its own use. Construction began on January 1 and ended on December 3 0 . The expenditures for construction
A company constructs a bullding for its own use. Construction began on January and ended on December The expenditures for construction were as follows: January $; March $; June $; October $ The campany arranged a loan on January for $ Assume the $ loan is not specifically tled to the construction of the bullding. The company's other borrowings, outstanding for the whole year, consisted of a $ million loan and a $ million note with interest rates of and respectively.
Assuming the company uses the welghtedaverage method, calculate the amount of interest capitalized for the year. Note: Enter your answers in whole dollars and not in millions. Do not round intermediate calculations. Round your percentage answers to decimal places e should be entered as
tableDateExpenditure,,Weight,AverageJanuary $$March June October Accumulated expenditures,,
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