A Company Made the Following Cash Expenditures on a Self-Constructed

question 32

Multiple Choice

A company made the following cash expenditures on a self-constructed building begun January 1 of the current year:

The building is still under construction at year-end. What is the amount of the average accumulated expenditures for the purpose of capitalizing interest?

• A) $87,500
• B) $92,500
• C) $100,000
• D) $200,000