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On March 1, Vaughn 1 -o, began construction of a small building. The following expenditures were incurred for construction: The building was completed and occupied

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On March 1, Vaughn 1 -o, began construction of a small building. The following expenditures were incurred for construction: The building was completed and occupied on July 1 . To help pay for construction $207,000 was borrowed on March 1 on a 12%, threevear note payable. The only other debt outstanding during the year was a $2,185,000,10% note issued two years ago, (a) Calculate the weighted-average accumulated expenditures. The weighted-average accumulated expenditures 5

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