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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

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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 1 July 1 $325,500 296,000 745,500 1,104,000 380,000 The building was completed and occupied on July 1. To help pay for construction $225,500 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. Calculate the weighted average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts.) Date Expenditures $325,500 Capitalization Period Weighted-Average Accumulated Expenditure $ March 1 April 1 296,000 May 1 745,500 4/12 0 2/12 3/12 1/12 June 1 1.104,000 July 1 380,000 Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter Ofor amounts.) Date Capitalization Period Weighted-Average Accumulated Expenditure Expenditures $325,500 March 1 $ $ April 1 296,000 May 1 745,500 4/12 0 2/12 3/12 1/12 June 1 1,104,000 July 1 380,000 $ Calculate avoidable interest. (Round answer to O decimal places, eg. 12,515.) Avoidable interest $ $

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