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During 2020, Donna Building Company constructed various assets at a total cost of $12,600,000. The...

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Accounting

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During 2020, Donna 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 2020 were $8,115,000. The company had the following debt outstanding at December 31, 2020: 10%, 5-year note to finance construction of various assets, dated January 1, 2020, with interest rawable annually on January 1 $5,389.000 12%, ten-year bonds issued at par on December 31, 2014, with interest payable annually on December 31 5,996,000 9%, 3-year note payable, dated January 1, 2019 with interest payable annually on January 1 2,998.000 1 2 3 Compute the amounts of each of the following 1. Avoidable interest $ 2 Total interest to be capitalized during 2020 $ Save for Lite Attempts:0 of 1 used Submit

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