Homework Answers
Solution:
| Year 2020: Weighted-Average accumulated expenditure and interest capitalized | |||
| Date | Amount | Capitalization period | Weighted Average Accumulated Expenditures |
| 01 March 2020 | $4,75,200 | 10/12 | $3,96,000 |
| 01 June 2020 | $7,92,000 | 7/12 | $4,62,000 |
| 01 July 2020 | $19,80,000 | 6/12 | $9,90,000 |
| 01 December 2020 | $19,80,000 | 1/12 | $1,65,000 |
| Total | $52,27,200 | $20,13,000 | |
| *Interest rate | 13% | ||
| Interest capitalized in 2020 | $2,61,690 | ||
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