Part C: Acquisition and Disposition of Property, Plant, and Equipment (6 marks) Question 5: 6 marks) On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 75,000 April 1 $ 76,000 May 1 180,000 June 1 270,000 July 1 100,000 The building was completed and occupied on July 1. To help pay for construction $50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $500,000, 10% note issued two years ago. Instructions (a) Calculate the weighted-average accumulated expenditures. (3 marks) (b) Calculate avoidable interest. (3 marks) Accessibility: Investigate