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On March 1, Moc Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 $300,000

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On March 1, Moc Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 $300,000 296,000 720,000 1,080,000 400,000 June 1 July 1 The building was completed and occupied on July 1. To help pay for construction $200,000 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.) Capitalization Period Weighted-Average Accumulated Expenditure Date Expenditures March 1 $300.000 April 1 296.000 May 1 V20,000 100.000 Calculate the weighted average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts.) Capitalization Period Weighted-Average Accumulated Expenditure Date Expenditures $300,000 March 1 April 1 296,000 May 1 720,000 June 1 1,080,000 July 1 400.000 $ Calculate avoidable interest. (Round answer to 0 decimal places, e.g. 12,515.) Avoidable interest $ $

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