Answer: $2,940,000
Explanation: Weighted Average Accumulated Expenditure is the product of the amount incurred multiplied by the no of months its being capitalised.
on March 1st $ 2,520,000 was incurred = 10/12*2,520,000=2,100,000
on 1st June $1,680,000 was incurred = 6/12*1,680,000= 840,000
on 31st December $4,200,000 was incurred = 0/12*4,200,000=0
Total Weighted Average Accumulated Expenditures = 2,100,000+840,000
= $2,940,000
Answer:
$3,080,000
Explanation:
March 1
$1,680,000 x10/12 = $2,100,000
June 1
$1,680,000 x07/12 = $980,000
December 31
$4,200,000 x0/12 = $0
$2,100,000 + $980,000 = 3,080,000
