On January 2, 2025, Coronado Industries began construction of a new citrus processing plant. The...
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On January 2, 2025, Coronado Industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2026. Expenditures for the construction were as follows: Coronado Industries borrowed $3210000 on a construction loan at 12% interest on January 2, 2025. This loan was outstanding during the construction period. The company also had $11900000 in 9% bonds outstanding in 2025 and 2026. What were the weighted-average accumulated expenditures for 2025 ? $2994000$1196000$1792000$1496000
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