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Compute montys weighted-average accumulated expenditures

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Reference no: EM132380522

Question

Monty Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1, $1,200,000 on June 1, and $3,010,680 on December 31. Compute Monty's weighted-average accumulated expenditures for interest capitalization purposes.

Reference no: EM132380522

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