Professional Documents
Culture Documents
The automated
plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
January 2, 2020 P200,000
Dalampasigan borrowed P1,100,000 on a construction loan at 12% interest on January 2, 2020. This loan was
outstanding during the construction period. The company also had P4,000,000 in 9% bonds outstanding in 2020 and
2021.
What were the weighted-average accumulated expenditures for 2021 by the end of the construction period?