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On March 1, Imhoff Co. began construction of a small building. Payments of $290,896 were made monthly for several months. The payments begin on the
On March 1, Imhoff Co. began construction of a small building. Payments of $290,896 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, the weighted-average accumulated expenditures are
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