Question
On March 1, Linda Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $331,500 April 1 296,000 May
On March 1, Linda Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $331,500 April 1 296,000 May 1 742,500 June 1 1,146,000 July 1 393,000 The building was completed and occupied on July 1. To help pay for construction $231,500 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. (a) Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts.) Weighted-Average Date March 1 Expenditures $331,500 Capitalization Period Accumulated Expenditure $ April 1 296,000 May 1 742,500 June 1 1,146,000 July 1 393,000 > +A
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