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The office was completed and ready for occupancy on July 1. To help pay for construction, $720,000 was borroved on March 1, 2019 on a

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The office was completed and ready for occupancy on July 1. To help pay for construction, $720,000 was borroved on March 1, 2019 on a 9\%, 3-year note payable. Other than the construction note, the only debt outstanding during 2015 was a $300,000,12%,6-year note payable dated January 1, 2019. The weighted-aver age accumulated expenditures on the construction project during 2019 were Select one: a. $2,934,000 b. $312,000. c. $384,000. d. $696,000

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