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On May 1, 2020, Ethiopia Ltd. began construction of a new building for its own use. Expenditures of $ 75,000 were incurred monthly for five

On May 1, 2020, Ethiopia Ltd. began construction of a new building for its own use. Expenditures of $ 75,000 were incurred monthly for five months beginning on May 1. The building was completed and ready for occupancy on September 1, 2020. For the purpose of determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures on the building during 2020 were $ 62,500. $ 75,000. $ 375,000. $ 187,500image text in transcribed

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