Emerson Enterprises is constructing a building. Construction began in 2018 and the building was completed on December 31, 2018. Emerson made payments to the construction company of $600,000 on July 1, $1,800,000 on September 1, and $2,400,000 on December 31. What is the amount of weighted-average accumulated expenditures that provides the basis for determining capitalized interest?
A) $900,000
B) $1,100,000
C) $1,200,000
D) $1,600,000

Question

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The Answer of Emerson Enterprises is constructing a building. Construction began in 2018 and the building was completed on December 31, 2018. Emerson made payments to the construction company of $600,000 on July 1, $1,800,000 on September 1, and $2,400,000 on December 31. What is the amount of weighted-average accumulated expenditures that provides the basis for determining capitalized interest?
A) $900,000
B) $1,100,000
C) $1,200,000
D) $1,600,000

Emerson Enterprises Is Constructing a Building