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Ivanhoe Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,040,000 on March 1, $1,320,000 on
Ivanhoe Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,040,000 on March 1, $1,320,000 on June 1, and $3,031,130 on December 31. Compute Ivanhoes weighted-average accumulated expenditures for interest capitalization purposes.
| Weighted-Average Accumulated Expenditures | $ |
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