Oriole company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $1,080,000 on march 1, $720,000 on june 1, and $1,800,000 on december 31. oriole company borrowed $600,000 on march 1 on a 5-year, 10% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $1,200,000 note payable and an 11%, 4-year, $2,100,000 note payable. compute avoidable interest for oriole company. use the weighted-average interest rate for interest capitalization purposes. (round "weighted-average interest rate" to 4 decimal places, e. g. 2.5125 and final answer to 0 decimal places, e. g. 5,275.)
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Oriole company is constructing a building. construction began on february 1 and was completed on dec...
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Computers and Technology, 01.10.2019 00:10
