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Please show work. On March 1 Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 April
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On March 1 Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 April 1 219,840 May 1 541,320 June 1 803,880 July 1 306,480 The building was completed and occupied on July 1. To help pay for construction $151,440 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. Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter 0 for amounts.) Weighted-Average Date Expenditures Capitalization Period Accumulated Expenditure March 1 $226,560 April 1 219,840 May 1 541,320 June 1 803,880 July 1 306,480
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