Ask Question
10 March, 09:50

On March 1, Coronado Industries began construction of a small building. Payments of $814800 were made monthly for three months beginning March 1. The building was completed and ready for occupancy on June 1. In determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures are

+1
Answers (1)
  1. 10 March, 09:56
    0
    The weighted-average accumulated expenditures = $407400

    Explanation:

    The weighted-average accumulated expenditures = $814800 (3/12 + 2/12 + 1/12) = $814800 (6/12) = $407400
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On March 1, Coronado Industries began construction of a small building. Payments of $814800 were made monthly for three months beginning ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers