Emerson Enterprises Is Constructing a Building

Multiple Choice

Emerson Enterprises is constructing a building. Construction began in 2018 and the building was completed on December 31, 2018. Emerson made payments to the construction company of $600,000 on July 1, $1,800,000 on September 1, and $2,400,000 on December 31. What is the amount of weighted-average accumulated expenditures that provides the basis for determining capitalized interest?

A) $900,000
B) $1,100,000
C) $1,200,000
D) $1,600,000