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On April 1, 2018, Rawabi started building a building

Accounting

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On April 1, 2018, Rawabi started building a building. During 2018, the following costs were paid to the building. Date 1/4 1/7 1/8 Amount paid 150,000 240,000 180,000 270,000 120,000 960,000 1/11 31/12 Total Assume that the building become ready for use on 31/12/2018 Required : 1-Calculate the weighted average accumulated expenditures 2-if the company uses the straight line method Assume the estimated useful life for the building 60 years and The salvage value of the building $100,000.the actual interest and avoidable interest for 2018: 40,000 70,000 respectively. Calculate the book value of the building at the end of 2019