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What are the weighted-average accumulated expenditures

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Q1. Crane Company constructed a building at a cost of $29850000. Weighted-average accumulated expenditures were $11000000, actual interest was $1100000, and avoidable interest was $590000. If the salvage value is $2300000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is

$703500.

$731500.

$761000.

$979000.

Q2. Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6456000 on March 1, $5280000 on June 1, and $7950000 on December 31. Sheffield Corp. borrowed $3160000 on January 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 11%, 3-year, $6450000 note payable and an 12%, 4-year, $12550000 note payable.

What are the weighted-average accumulated expenditures?

$11736000

$8460000

$19686000

$9896000

Reference no: EM132170077

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