Messersmith company is constructing a building. construction began in 2014 and the building was completed 12/31/14. messersmith made payments to the construction company of $2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31. weighted-average accumulated expenditures were
The answer is, "weighted-average accumulated expenditures were $2,400,000". we can calculate this as; payments made are: $2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31 So, ($2,000,000 × 6/12) + ($4,200,000 × 4/12 = $2,400,000
