Fountain Co. is constructing an office building for its own use. Fountain started the two-year construction project on April 1, year 1, at which point the interest capitalization period began. Fountain made the following payments in year 1 related to the construction of the building: - April 1 Payment to architect for building plans $ 30,000

- July 1 Progress payment to contractor 60,000

- October 1 Progress payment to contractor 150,000



For the purpose of capitalizing interest, what is Fountain's weighted average accumulated expenditures for the year ended December31, year 1?



a.$80,000

b.$105,000

c.$120,000

d.$240,000

Business

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