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Question 1 1P On January 1, 2021.Co.A began construction of an automated machine system. The system was finished and ready for use on September 30,
Question 1 1P On January 1, 2021.Co.A began construction of an automated machine system. The system was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 235.000 September 1, 2021 $ 342,000 December 31, 2021 $ 342,000 March 31, 2022 5 342,000 September 30, 2022 $ 235,000 Co Ahorrowed 5764,000 on a comtruction loan at 7 interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had 54,570,000 in 7 bonds payable outstanding in 2021 and 2022 The weighted average accumulated expenditures for 2021 was 5349,000 5399.000 1470.000 $577,000
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