Question: On January 1 , 2 0 2 4 , a company began construction of an automated cattle feeder system. The system was finished and ready

On January 1,2024, a company began construction of an automated cattle feeder
system. The system was finished and ready for use on September 30,2025.
Expenditures on the project were as follows:
The company borrowed $780,000 on a construction loan at 9% interest on January 1,
This loan was outstanding throughout the construction period. The company had
$4,650,000 in 9% bonds payable outstanding in 2024 and 2025.
Average accumulated expenditures for 2025 was:
Multiple Choice
$1,626,450.
$1,351,450.
$686,450.
$1,590,000.
On January 1,2024, a company began construction of an automated cattle

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