Question: pls answer Blue Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1.440,000 on March 1,
Blue Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1.440,000 on March 1, $960,000 on June 1, and $2,400,000 on December 31, Blue Company borrowed $800.000 on March 1 on a 5-year 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $1,600,000 note payable and an 11%, 4-year, $2,800,000 note payable Compute avoidable interest for Blue Company. Use the weighted average interest rate for interest capitalization purposes. (Round "Weighted average interest rate" to 4 decimal places, c.8.0.2152 and final answer to 0 decimal places, 6.3. 5.275.) Avoidable interest $
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