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What were the weighted-average accumulated expenditures

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What were the weighted-average accumulated expenditures Use the following information for questions 1 through 4. On January 2, 2010, Indian River Groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2011. Expenditures for the construction were as follows: January 2, 2010 $200,000 September 1, 2010 600,000 December 31, 2010 600,000 March 31, 2011 600,000 September 30, 2011 400,000 Indian River Groves borrowed $1,100,000 on a construction loan at 12% interest on January 2, 2010. This loan was outstanding during the construction period. The company also had $4,000,000 in 9% bonds outstanding in 2010 and 2011. 1. What were the weighted-average accumulated expenditures for 2010? a. $533,333 b. $500,000 c. $400,000 d. $1,000,000 2. The interest capitalized for 2010 was: a. $180,000 b. $48,000 c. $192,000 d. $60,000 3. What were the weighted-average accumulated expenditures for 2011 by the end of the construction period? a. $390,000 b. $1,635,000 c. $1,986,000 d. $1,386,000 4. The interest capitalized for 2011 was: a. $124,740 b. $118,305 c. $ 25,740 d. $ 99,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

What were the weighted-average accumulated expenditures

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