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3 pts In 2022, Jaffrey Enterprises began constructing a building to house its new painting division, Jaffrey made payments to the construction company of $180,000
3 pts In 2022, Jaffrey Enterprises began constructing a building to house its new painting division, Jaffrey made payments to the construction company of $180,000 on March 1, $390,000 on May 1, and $810,000 on December 1. In addition, Jaffrey Enterprises had $790,000 of general debt with an interest rate of 7% outstanding as of Jan 1, 2022 At the end of the year, the accountant is determining how much interest can be capitalized. What is the amount of weighted-average accumulated expenditures that provides the basis for determining capitalized interest
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