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The building was completed and occupied on July 1 . To help pay for construction $200,000 was borrowed on March 1 on a 12%, threeyear
The building was completed and occupied on July 1 . To help pay for construction $200,000 was borrowed on March 1 on a 12%, threeyear note payable. The only other debt outstanding during the year was a $2,000,000,10% note issued two years ago. (a) Calculate the weighted-average accumulated expenditures. The weighted-average accumulated expenditures $
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