A company begins construction of an asset on January 1, 2014, and completes construction on December 1, 2014. The company pays the following amounts related to construction:
January 1: $1,000,000
July 1: $2,000,000
October 1: $1,000,000
Calculate the average accumulated expenditures for the purpose of capitalizing interest.

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The Answer of A company begins construction of an asset on January 1, 2014, and completes construction on December 1, 2014. The company pays the following amounts related to construction:
January 1: $1,000,000
July 1: $2,000,000
October 1: $1,000,000
Calculate the average accumulated expenditures for the purpose of capitalizing interest.

A Company Begins Construction of an Asset on January 1