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On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 Apri1 219,840 June1 803,880

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On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 Apri1 219,840 June1 803,880 July 1306,480 541,320 | The building was completed and occupied on July 1 . To help pay for construction $151,440 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. Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter 0 for amounts.) Weighted-Average Date ExpendituresCapitalization Period Accumulated Expenditure 7552 March 1$226,560 219,840 541,320 803,880 306,480 April 1 May 1 June 1 July 1 4/12 3/12 2/12 1/12 5496 90220 287690 Calculate avoidable interest. (Round answer to O decmal places, e.o. 12.515.) Study Avoidable interest

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