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On March 1, Imhoff Co. began construction of a small building. Payments of $246,228 were made monthly for several months. The payments begin on the

On March 1, Imhoff Co. began construction of a small building. Payments of $246,228 were made monthly for several months. The payments begin on the first day of April; the last payment was made August 1. The building was completed and ready for occupancy on the first day of September. In determining the amount of interest cost to be capitalized, what is the weighted-average accumulated expenditures are?

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