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On March 1, Susan Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $301.500 April 1 299,000

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On March 1, Susan Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $301.500 April 1 299,000 May 1 721.500 June 1 1,077,000 July 1 398,000 The building was completed and occupied on July 1. To help pay for construction $201,500 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. (a) Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts.) Weighted-Average Date Expenditures Capitalization Period March 1 $301,500 April 1 299,000 May 1 721.500 June 1 1,077,000 July 1 398,000 $ Accumulated Expenditure

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