On january 1, 2018, dreamworld co. began construction of a new warehouse. the building was finished and ready for use on september 30, 2019. expenditures on the project were as follows: january 1, 2018 $ 300,000 september 1, 2018 $ 450,000 december 31, 2018 $ 450,000 march 31, 2019 $ 450,000 september 30, 2019 $ 300,000 dreamworld had $5,000,000 in 12% bonds outstanding through both years. dreamworld's capitalized interest in 2018 was:

$54,000

Explanation:

January 1, 2018

Average expenditure = Expenditure × No. of months

                                           = $300,000

September 1, 2018

Average expenditure = Expenditure × No. of months

                                           = $150,000

December 31, 2018

Average expenditure = Expenditure × No. of months

                                           = $0

Total of average expenditure = $300,000 + $150,000 + $0

                                                 = $450,000

Dreamworld's capitalized interest in 2018 was:

= Total of average expenditure × interest on bonds

= $450,000 × 12%

= $54,000

answer; the cpi;

answer; sprint;