On January 1, 2024, a company began construction of a new warehouse. The building was finished and ready for use on September 30, 2025. Expenditures on the project were as follows:January 1, 2024$ 336,000September 1, 2024$ 504,000December 31, 2024$ 504,000March 31, 2025$ 504,000September 30, 2025$ 336,000The company had $6,800,000 in 10% bonds outstanding through both years.Average accumulated expenditures for 2024 were: Multiple Choice $588,000. $504,000. $336,000. $672,000.

The objective of the question is to calculate the average accumulated expenditures for the year 2024. This is done by taking into account the expenditures made at different points in time during the year.The expenditures for the year 2024 were as follows: January 1, 2024: $336,000 September 1, 2024: $504,000 December 31, 2024: $504,000To calculate the average accumulated expenditures, we need to take into account the period for which each expenditure was outstanding. The expenditure made on January 1, 2024, was outstanding for the entire year, so it contributes $336,000 to the accumulated expenditures. The expenditure made on September 1, 2024, was outstanding for 4 months (September to December), so it contributes $504,000 * 4/12 = $168,000 to the accumulated expenditures. The expenditure made on December 31, 2024, was outstanding for 0 months, so it contributes $0 to the accumulated expenditures.Adding up these contributions, we get $336,000 + $168,000 + $0 = $504,000 as the average accumulated expenditures for the year 2024.The average accumulated expenditures for the year 2024 were calculated by taking into account the period for which each expenditure was outstanding. The total came out to be $504,000.