Capitalization of Interest A company begins construction of an asset on January 1, 2010, and completes construction
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Capitalization of Interest A company begins construction of an asset on January 1, 2010, and completes construction on December 1, 2010. The company pays the following amounts related to construction:
$1,000,000 January 1
$2,000,000 July 1
$1,000,000 December 31 Calculate the average accumulated expenditures for the purpose of capitalizing interest.
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Related Book For 
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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