Fountain Co. is constructing an office building for its own use. Fountain started the two-year construction project on April 1, Year 1, at which point the interest capitalization period began. Fountain made the following payments in Year 1 related to the construction of the building April1 Payment to architect for building plans $ 30,000 July1 Progress payment to contractor 60,000 October 1. Progress payment to contractor 150,000 For the purpose of capitalizing interest, what is Fountain’s weighted average accumulated expenditures for the year ended December 31, Year 17
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