On January 2, 2021, Ramtha began construction of a new building. The automated plant was finished and ready for use on December 31, 2021. Expenditures for the construction was as follows: January 1, 2021 $ 300,000 March 31, 2021 900,000 June 1, 2021 600,000 August 31, 2021 750,000 November 30, 2021 600,000 The company had $ 2,250,000 in 10% bonds and 1200,000 in notes with 12% in 2021. What are the weighted-average accumulated expenditures?
On January 2, 2021, Ramtha began construction of a new building. The automated plant was finished and ready for use on December 31, 2021. Expenditures for the construction was as follows: January 1, 2021 $ 300,000 March 31, 2021 900,000 June 1, 2021 600,000 August 31, 2021 750,000 November 30, 2021 600,000 The company had $ 2,250,000 in 10% bonds and 1200,000 in notes with 12% in 2021. What are the weighted-average accumulated expenditures?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments
Section: Chapter Questions
Problem 9RE: Dexter Construction Corporation is building a student condominium complex; it started construction...
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On January 2, 2021, Ramtha began construction of a new building. The automated plant was
finished and ready for use on December 31, 2021. Expenditures for the construction was as
follows:
January 1, 2021 $ 300,000
March 31, 2021 900,000
June 1, 2021 600,000
August 31, 2021 750,000
November 30, 2021 600,000
The company had $ 2,250,000 in 10% bonds and 1200,000 in notes with 12% in 2021.
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What are the weighted-average accumulated expenditures? |
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