ACC 304 All Assignments ACC 304 All Assignments | Page 191

What is the weighted-average interest rate used for interest
capitalization purposes?
33) Assets that qualify for interest cost capitalization include
34) Arlington Company is constructing a building. Construction began
on January 1 and was completed on December 31. Expenditures were
$4,800,000 on March 1, $3,960,000 on June 1, and $6,000,000 on
December 31. Arlington Company borrowed $2,400,000 on January 1
on a 5-year, 12% note to help finance construction of the building. In
addition, the company had outstanding all year a 10%, 3-year,
$4,800,000 note payable and an 11%, 4-year, $9,000,000 note payable.
What are the weighted-average accumulated expenditures?
35) Which of the following is a capital expenditure?
ACC 304 Week 5 Midterm Part 2
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