15. Gutierrez Company is constructing a building Construction began in 2017 and the building was completed 12/31/17. Gutierrez made payments to the construction company of $3,000,000 on 7/1. $6.600.000 on 9/1. and $6.000.000 on 12/31. Weighted- average accumulated expenditures were a. $3,150,000 b. $3,700,000 C. $9,600,000 d. $15,600,000. 16. On May 1, 2017, Goodman Company began construction of a building. Expenditures of p000,000 were incurred monthly for 5 months beginning on May 1. The building was completed and ready for occupancy on September 1, 2017. For the purpose of determining the amount of interest cost to be capitalized, the weighted average accumulated expenditures on the building during 2017 were a. $500,000 b. $600,000 c. $2,400,000 d. $3,000,000 TRUE - FALSE (TRUE = A, FALSE = B) 17. The cost of an asset less its salvage value is its depreciation base. 18. The three factors involved in the depreciation process are the depreciation base, the useful life, and the risk of obsolescence. 19. The declining-balance method does not deduct the salvage value in computing the depreciation base. Multiple Choice 20. Which of the following is not one of the basic questions that must be answered before the amount of depreciation charge can be computed? a. What is the depreciation base to use for the asset? b. What is the asset's useful life? c. What method of cost apportionment is best for this asset? d. What product or service is the asset related to