On January 1, 2018, the Shagri Company began construction on a new manufacturing facility for its own use. The building was completed in 2019. The only interest-bearing debt the company had outstanding during 2018 was long-term bonds with a book value of $11,500,000 and an effective interest rate of 10%. Construction expenditures incurred during 2018 were as follows:

January 1

$

650,000

March 1

690,000

July 31

570,000

September 30

750,000

December 31

450,000

Date	Expenditure		Weight			Average
January 1		x			=
March 1		x			=
July 31		x			=
September 30		x			=
December 31		x			=
Accumulated expenditure	$0					$0
	Average		Interest Rate			Capitalized Interest
Average accumulated expenditures	$0	x		%	=	$0