The average accumulated expenditures for 2010 by the end of the construction period was:
A)$1,950,000.
B)$1,554,000.
C)$1,254,000.
D)$ 975,000.

Question

Quizplus · Accepted Answer

The average accumulated expenditures for 2010 by the end of the construction period can be calculated by adding up the total expenditures for each year from 2007 to 2010 and dividing by four. From the table, this gives us: (1,050,000+825,000+ 630,000+49,500,000)/4 = 1,554,000. Therefore, the best choice is B.

The Average Accumulated Expenditures for 2010 by the End of the Construction