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During a calendar-year company's second quarter, the following expenditures were made relative to a qualifying asset on which interest is to be capitalized: $80,000 on
During a calendar-year company's second quarter, the following expenditures were made relative to a qualifying asset on which interest is to be capitalized: $80,000 on April 1, $90,000 on May 1, and $120,000 on June 1. What was the average amount of accumulated expenditures for this quarterly accounting period? A. $96, 667 B. $180,000 C. $270,000 D. $190,000
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