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On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction March 1 April 1 May 1 June
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction March 1 April 1 May 1 June 1 July 1 $224,280 221,880 537,720 816,360 302,880 The building was completed and occupied on July 1 . To help pay for construction $141,120 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,500,000, 10% note issued two years ago. Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter 0 for amounts.) Weighted-Average Date Expenditures Capitalization Period Accumulated Expenditure $224,280 221,880 537,720 816,360 302,880 March1 April 1 May 1 June 1 July 1
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