In january of 2021, the mateo company began construction of its own storage facility. during 2021, $13,000,000 in construction costs were incurred as follows: january 1, $2,000,000; march 31, $4,000,000; june 30, $4,000,000; october 31, $3,000,000. mateo took out a $4,000,000, 10% construction loan at the beginning of the year. the company had $20,000,000 in other interest-bearing debt with a weighted-average interest rate of 8%. the facility was completed early in 2022. what amount of interest should be capitalize in 2021 using the specific interest method?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?