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Hector Company purchased land for an office site by paying $900,000 cash on January 1, 2019. Hector began construction on the office building on January
Hector Company purchased land for an office site by paying $900,000 cash on January 1, 2019. Hector began construction on the office building on January 1 and finished on December 31, 2019. The following expenditures were incurred for construction: Date Expenditures January 1, 2019 $600,000 April 1, 2019 $840,000 October 1, 2019 $1,500,000 December 1, 2019 $2,400,000 Calculate the weighted-average accumulated expenditure on the project during the year 2019 was: $1,805,000 $1,880,000 O $1,735,000 210 $1,800,000
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