Question
On January 2, 2020, Bramble Corp. began construction of a new citrus processing plant. The automated plant was finished and ready for use on September
On January 2, 2020, Bramble Corp. began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 September 1, 2020 December 31, 2020 March 31, 2021 $ 612000 1801200 1801200 1801200 1216000 September 30, 2021 Bramble Corp. borrowed $3380000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $11640000 in 7% bonds outstanding in 2020 and 2021. What were the weighted-average accumulated expenditures for 2021 by the end of the construction period? $900600 $5953530 $4335640 $4152330
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