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XYZ Inc is self constructing an office building. The construction period wll run from 4/1/14 to 12/31/14. Costs are incurred as follows 05/01/14 07/31/14 400,000.00

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XYZ Inc is self constructing an office building. The construction period wll run from 4/1/14 to 12/31/14. Costs are incurred as follows 05/01/14 07/31/14 400,000.00 500,000.00 200,000.00 XYZ borrowed $700,000 at 8% to finance the building. Other debt that they were paying interest on had a rate of 9%, 27 What are the accumulated average expenditures for 2014? 28 What is construction period interest for 2015? 29 What is the total cost of the building

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