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On March 1, Imhoff Co. began construction of a small building. Payments of $292,406 were made monthly for several months. The payments begin on the
On March 1, Imhoff Co. began construction of a small building. Payments of $292,406 were made monthly for several months. The payments begin on the first day of April; the last payment was August 1st. The building was completed and ready for occupancy on the first day of September. In determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures are?
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