Business, 19.12.2019 06:31 foreignev

Monty company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $1,908,000 on march 1, $1,308,000 on june 1, and $3,010,600 on december 31. monty company borrowed $1,015,500 on march 1 on a 5-year, 13% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $2,195,200 note payable and an 11%, 4-year, $3,604,500 note payable. compute avoidable interest for monty company. use the weighted-average interest rate for interest capitalization purposes.

avoidable interest?

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Monty company is constructing a building. construction began on february 1 and was completed on dece...

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