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A company made the following cash expenditures on a self-constructed building begun January 1 of the current year: January 1.........$50,000 June 1..............$60,000 December 1.....$90,000 The
A company made the following cash expenditures on a self-constructed building begun January 1 of the current year:
January 1.........$50,000
June 1..............$60,000
December 1.....$90,000
The building is still under construction at year-end. What is the amount of the average accumulated expenditures for the purpose of capitalizing interest?
A) $92,500
B) $200,000
C) $87,500
D) $100,000
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