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Coronado Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $ 6408000 on March 1, $
Coronado Industriesis constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6408000on March 1, $5280000on June 1, and $8650000on December 31.Coronado Industriesborrowed $3170000on January 1 on a 5-year,13% note to help finance construction of the building. In addition, the company had outstanding all year a11%, 3-year, $6350000note payable and an12%, 4-year, $12350000note payable.
What are the weighted-average accumulated expenditures?
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