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Question 5 of 8 < > -/20 E On March 1, Wildhorse Co. began construction of a small building. The following expenditures were incurred
Question 5 of 8 < > -/20 E On March 1, Wildhorse Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $326,400 April 1 297,600 May 1 753,600 June 1 1,005,600 July 1 404,000 The building was completed and occupied on July 1. To help pay for construction $185,000 was borrowed on March 1 on a 12%, three- year note payable. The only other debt outstanding during the year was a $2,178,000, 10% note issued two years ago. Calculate the weighted-average accumulated expenditures. The weighted average accumulated expenditures Calculate avoidable interest. Avoidable interest
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