December 31, 2012. The company pays the following amounts related to construction: $1,000,000................January 1 $2,000,000.....................July 1 $1,000,000.............December

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December 31, 2012. The company pays the following amounts related to construction:
$1,000,000................January 1
$2,000,000.....................July 1
$1,000,000.............December 1
Calculate the average accumulated expenditures for the purpose of capitalizing interest
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