On January 2, 2025, Indian River Groves began construction of a new citrus processing plant....
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On January 2, 2025, Indian River Groves 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: January 2, 2025 September 1, 2025 December 31, 2025 March 31, 2026 September 30, 2026 Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2025. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2025 and 2026. c. $1,200,000 d. $3,000,000 $ 600,000 1,800,000 1,800,000 1,800,000 1,200,000 1)What were weighted-average accumulated expenditures for 2025? a. $1,600,000 b. $1,500,000 2)The interest capitalized for 2025 was a. $540,000 b. $144,000 c. $456,000 d. $180,000 I
On January 2, 2025, Indian River Groves 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: January 2, 2025 September 1, 2025 December 31, 2025 March 31, 2026 September 30, 2026 Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2025. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2025 and 2026. c. $1,200,000 d. $3,000,000 $ 600,000 1,800,000 1,800,000 1,800,000 1,200,000
1)What were weighted-average accumulated expenditures for 2025? a. $1,600,000 b. $1,500,000
2)The interest capitalized for 2025 was a. $540,000 b. $144,000 c. $456,000 d. $180,000 I
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