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On March 1, Imhoff Co. began construction of a small building. Payments of $290,896 were...

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Accounting

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On March 1, Imhoff Co. began construction of a small building. Payments of $290,896 were made monthly for several months. The payments begin on the first day of April; the last payment was made August 1. The building was completed and ready for occupancy on the first day of September. In determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures are

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Meals and Entertainment (LO 3.5) \table[[Restaurant meals where business was conducted,$5,000