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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 uly 1 $227,280 220,800 548,760 826,560 297,480 The building was completed and occupied on July 1. To help pay for construction $149,400 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 Period April 1 May 1 June 1 uly 1 March $227,280 220,800 548,760 826,560 297,480 Calculate avoidable interest. (Round answer to O decimal places, e.g. 12,515.) Avoidable interest

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