Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Creon Corp. is constructing an asset for its own use during the second quarter of a calendar year. The following qualifying expenditures related to the
Creon Corp. is constructing an asset for its own use during the second quarter of a calendar year. The following qualifying expenditures related to the asset were made during the year: $60,000 on April 1, $90,000 on June 1, and $100,000 uniformly during the period. The average amount of accumulated expenditures for this quarterly accounting period was Answers: A. $250,000 B. $190,000 C. $140,000 D. $130,000
THE ANSWER IS 140.000 BUT I DON UNDERSTAND WHY $100,000 uniformly during the period = 50.000. 100000(1/2)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started