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Concord Company is constructing a building. Construction began on February 1 and was completed on...

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Accounting

Concord Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,992,000 on March 1, $1,272,000 on June 1, and $3,029,260 on December 31. Compute Concords weighted-average accumulated expenditures for interest capitalization purposes.

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