(Answered) This is a variation of the previous problem modified to

Accounting

This is a variation of the previous problem, modified to focus on the weighted-average interest method.]

Required:

Refer to the facts in Problem 10-9 and answer the following questions:

1. Calculate the amount of interest that Mason should capitalize in 2011 and 2012 using the weighted-average method.

2. What is the total cost of the building?

3. Calculate the amount of interest expense that will appear in the 2011 and 2012 income statements.

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