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Compute the weighted-average accumulated expenditures

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Question - ABC Company began construction of a machine for internal use on 2/1/16 and completed it on 12/31/16. Expenditures were as follows:

3/1/16                           $1,800,000

6/1/16                          $1,200,000

11/30/16                                     $3,000,000

In order to capitalize interest, management must compute the weighted-average accumulated expenditures. Show your calculation in detail.

Reference no: EM131703940

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