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X Company is constructing a building. Construction began in 2018 and the building was completed...

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Accounting

X Company is constructing a building. Construction began in 2018 and the building was completed 31 December, 2018. X made payments to the construction company of $1,000,000 on 1 July, $2,100,000 on 1 September, and $1,200,000 on 1 December. Average accumulated expenditures were ---.

a.

$1,025,000

b.

$5,100,000

c.

$1,200,000

d.

$1,300,000

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