Emerson Enterprises Is Constructing a Building

Multiple Choice

Emerson Enterprises is constructing a building.Construction began in 2016 and the building was completed December 31,2016.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 capitalizable interest?

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