Sheffield Company is constructing a building. Construction began on February 1 and was completed on...
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Accounting
Sheffield Company is constructing a building. Construction began on February and was completed on December Expenditures were $ on March $ on June and $ on December
Sheffield Company borrowed $ on March on a year, note to help finance construction of the building. In addition, the company had outstanding all year a year, $ note payable and an year, $ note payable. Compute the weightedaverage interest rate used for interest capitalization purposes. Round answer to decimal places, eg
Weightedaverage interest rate
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