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During 2015, USF Company self-constructed some specialized equipment. They incur the following expenses related to construction of the asset through 2015: Date Amount 4/30/2015 $2,100,000

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During 2015, USF Company self-constructed some specialized equipment. They incur the following expenses related to construction of the asset through 2015: Date Amount 4/30/2015 $2,100,000 6/30/2015 $1,000,000 8/31/2015 $3,000,000 12/31/2015 $2,000,000 The company had the following debt outstanding at December 31, 2015: 1. $1,000,000: 10%, 5-year note specifically borrowed to finance construction of equipment, dated January 1, 2015, with interest payable annually on December 31 2. $1,000,000: 12%, 10-year bonds issued at par on December 31, 2009, with interest payable annually on December 31 3. $1,000,000: 9%, 3-year note payable, dated January 1, 2014, with interest payable annually on December 31 Instructions: Compute the weighted average accumulated expenditures

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