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**Unformatted text preview: **Chapter 10 Homework
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Req 1 and 3
Req 2
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1. Calculate the amount of interest that Mason should capitalize in 2024 and 2025 using the weighted-average method.
3. Calculate the amount of interest expense that will appear in the 2024 and 2025 income statements.
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Note: Round "Weighted-average rate of all debt" to 2 decimal places but do not round other intermediate calculations. Enter
your answers in dollars rounded to the nearest whole number.
References
Show less A
2024
2025
1. Interest capitalized
$
213,750+7-0.08%
$
403,406+1-0.09%
3. Interest expense
$ 1,486,250+-0.02%
$ 1,296,594+7-0.02%
< Req 1 and 3
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