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On March 1, Imhoff Co. began construction of a small building. Payments of $242,154 were made monthly for several months. The payments begin on the

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On March 1, Imhoff Co. began construction of a small building. Payments of $242,154 were made monthly for several months. The payments begin on the first day of March. The building was completed and ready for occupancy on the first day of June. In determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures are

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