outstanding in 2024 and 2025. Average accumulated expenditures for 2024 was: Multiple Choice $440,000. $490,000. $720,000. $600,000

On January 1, 2024, a company began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2025. Expenditures on the project were as follows: 11 January 1, 2024 30 , September 1, 2024 December 31, 2024 42 , ooo March 31, 225 42 , ooo September 3e, 225 The company borrowed $790,000 on a construction loan at 8% interest on January 1, 2024. This loan was outstanding throughout the construction period. The company had in 8% bonds payable outstanding in 2024 and 2025. Average accumulated expenditures for 2024 was: Multiple Choice O O O O $440,000. $490,000 $720,000. $600,000.