Question: Hello, I need help with this question [please On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and
Hello, I need help with this question [please On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 322,000 September 1, 2021 $ 474,000 December 31, 2021 $ 474,000 March 31, 2022 $ 474,000 September 30, 2022 $ 322,000 Dreamworld had $5,800,000 in 12% bonds outstanding through both years. The average accumulated expenditures for 2022 by the end of the construction period was:
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