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On January 1, 2024, a company began construction of a new warehouse. The building was finished and ready for use on September 30, 2025. Expenditures
On January 1, 2024, a company began construction of a new warehouse. The building was finished and ready for use on September 30, 2025. Expenditures on the project were as follows: January 1, 2024 $ 307,000 September 1, 2024 $ 459,000 December 31, 2024 $ 459,000 March 31, 2025 $ 459,000 September 30, 2025 $ 307,000 The company had $5,300,000 in 13% bonds outstanding through both years. The average accumulated expenditures for 2025 by the end of the construction period was:
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