Question
Crane Company constructed a building at a cost of $ 29850000 . Weighted-average accumulated expenditures were $ 11000000 , actual interest was $ 1100000 ,
Crane Companyconstructed a building at a cost of $29850000. Weighted-average accumulated expenditures were $11000000, actual interest was $1100000, and avoidable interest was $590000. If the salvage value is $2300000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is
$703500.
$731500.
$761000.
$979000.
2,Sheffield Corp.is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6456000on March 1, $5280000on June 1, and $7950000on December 31.Sheffield Corp.borrowed $3160000on 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, $6450000note payable and an12%, 4-year, $12550000note payable.
What are the weighted-average accumulated expenditures?
$11736000
$8460000
$19686000
$9896000
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