Hackleman Company Is Constructing a Building

question 85

Multiple Choice

Hackleman Company is constructing a building.Construction began in 2008 and the building was completed 12/31/08.Hackleman made payments to the construction company of $1,500,000 on 7/1, $3,300,000 on 9/1, and $3,000,000 on 12/31.Average accumulated expenditures were

• A)$1,575,000.
• B)$1,850,000.
• C)$4,800,000.
• D)$7,800,000.

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