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Sheridan Company is constructing a building. Construction began on February 1 and was completed on...

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Accounting

Sheridan Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,004,000 on March 1, $1,284,000 on June 1, and $3,039,450 on December 31. Compute Sheridans weighted-average accumulated expenditures for interest capitalization purposes.

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