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Compute Crane weighted-average accumulated expenditures

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Problem - Crane Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,884,000 on March 1, $1,284,000 on June 1, and $3,082,450 on December 31. Compute Crane's weighted-average accumulated expenditures for interest capitalization purposes.

Reference no: EM133011787

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