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On April 1, Maria Co. began construction of a small building. Payments of $230,040 were...

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Accounting

imageOn April 1, Maria Co. began construction of a small building. Payments of $230,040 were made monthly for four months beginning on April 1. The building was completed and ready for occupancy on August 1. For the purpose of determining the amount of interest cost to be capitalized, calculate the weighted-average accumulated expenditures on the building by completing the schedule below:

Current Attempt in Progress On April 1, Maria Co. began construction of a small building. Payments of $230,040 were made monthly for four months beginning on April 1. The building was completed and ready for occupancy on August 1. For the purpose of determining the amount of interest cost to be capitalized, calculate the weighted-average accumulated expenditures on the building by completing the schedule below: Date Expenditures Capitalization Period Weighted-Ave. Accum. Expend. April 1 $ 230040 4/12 $ May 1 230040 3/12 June 1 230040 2/12 July 1 230040 1/12 $

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