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Sheffield Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,992,000 on March 1, $1,272,000 on
Sheffield Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,992,000 on March 1, $1,272,000 on June 1, and $3,029,260 on December 31. Compute Sheffield's weighted-average accumulated expenditures for interest capitalization purposes. Weighted-average accumulated expenditures $
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