Question: On March 3 1 , 2 0 2 2 , a company contracted to build a new headquarters. Construction started immediately and was completed by

On March 31,2022, a company contracted to build a new headquarters. Construction started immediately and was completed by July 31,2022. The company financed the project with a 900,000,5-year, 12% note. 700,000 was paid to the construction company on March 31, and 200,000 was invested at 10% until July 31. The company made a final 200,000 payment on July 31. Instructions: (a) Calculate the interest revenue. (b) Calculate the weighted-average accumulated expenditures. (c) Calculate the avoidable interest. (d) Calculate the total interest cost to be capitalized during 2022.

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