Suppose that Schw Corp incurs costs evenly in the construction of their new wrestling room. It takes 3 years to complete this state of the art facility. Costs incurred beg Jan 1, 2020 and ending Dec 31, 2022 as as follows: 2020 $35,000 2021 $141,000 2022 $56,000 What are the weighted average costs for 2022?
Suppose that Schw Corp incurs costs evenly in the construction of their new wrestling room. It takes 3 years to complete this state of the art facility. Costs incurred beg Jan 1, 2020 and ending Dec 31, 2022 as as follows: 2020 $35,000 2021 $141,000 2022 $56,000 What are the weighted average costs for 2022?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6. Suppose that Schw Corp incurs costs evenly in the construction of their new wrestling room. It takes 3 years to complete this state of the art facility. Costs incurred beg Jan 1, 2020 and ending Dec 31, 2022 as as follows:
2020 $35,000
2021 $141,000
2022 $56,000
What are the weighted average costs for 2022?
Thank you
Brenda
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