Homework Answers
| Calculation of the weighted average accumulated expenditures | |||||
| Date | Expenditures | Capitalization period | weighted average acc exp | ||
| Mar-01 | 227760 | 4/12 | 75920 | ||
| Apr-01 | 221400 | 3/12 | 55350 | ||
| May-01 | 530640 | 2/12 | 88440 | ||
| Jun-01 | 810240 | 1/12 | 67520 | ||
| Jul-01 | 289320 | 00/12 | 0 | ||
| Weighted average accumulated exp | 287230 | ||||
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3 PM / Remaining: 44 min. CALCULATOR FULL SCREEN PRİNTER VERSION 'BACK Question 10 On March...
Ex. 10-133—Capitalization of interest. On March 1, Mocl Co. began construction of a small building. The...
Ex. 10-133—Capitalization of interest. On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 150,000 April 1 $ 148,000 May 1 360,000 June 1 540,000 July 1 200,000 The building was completed and occupied on July 1. To help pay for construction $100,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,000,000, 10% note issued two...
Please show work for this problem. 3. (7 points) On March 1, Mocl Co. began construction...
Please show work for this problem.
3. (7 points) On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 April 1 $ 222,000 May 1 540,000 June 1 810,000 July 1 300,000 The building was completed and occupied on July 1. To help pay for construction $150,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a...
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred...
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 Apri1 219,840 June1 803,880 July 1306,480 541,320 | The building was completed and occupied on July 1 . To help pay for construction $151,440 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. Calculate the weighted-average accumulated expenditures. (Do not...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-03 Wildhorse Company is constructing a building....
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On March 1, Nielson LLC. began construction of a small building. The following expenditures were incurred...
On March 1, Nielson LLC. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 April 1 540,000 May 1 300,000 June 1 $ 222,000 July 1 810,000 The building was completed and occupied on July 1. To help pay for construction $150,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,500,000, 10% note issued two years ago. Instructions (SHOW...
On March 1, 2014, Newton Company purchased land for an office site by paying $1,800,000 cash. New...
On March 1, 2014, Newton Company purchased land for an office site by paying $1,800,000 cash. Newton began construction on the office building on March 1. The following expenditures were incurred for construction: Date Expenditures March 1, 2014 $ 1,200,000 April 1, 2014 1,680,000 May 1, 2014 3,000,000 June 1, 2014 4,800,000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $2,400,000 was borrowed on March 1, 2014 on...
9. On March 1, 2020, Bonita Industries purchased land for an office site by paying $2700000...
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On March 1, 2020, Concord Corporation purchased land for an office site by paying $2740000 cash....
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On March 1, 2017, Sheridan Company purchased land for an office site by paying $2600000 cash. Sheridan began constructio...
On March 1, 2017, Sheridan Company purchased land for an office
site by paying $2600000 cash. Sheridan began construction on the
office building on March 1. The following expenditures were
incurred for construction:
Date
Expenditures
March 1, 2017
$ 1810000
April 1, 2017
2490000
May 1, 2017
4420000
June 1, 2017
4700000
The office was completed and ready for occupancy on July 1. To help
pay for construction, and purchase of land $3670000 was borrowed on
March 1, 2017 on...
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building....
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 Expenditures were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31 Pronghorn Company borrowed $2,000,000 on March 1 on a 5-year, 12 % note to help finance construction of the building. In addition, the company had outstanding all year a 8 %, 5-year, $4,000,000 note payable and an 11...
Ex. 10-133—Capitalization of interest. On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 150,000 April 1 $ 148,000 May 1 360,000 June 1 540,000 July 1 200,000 The building was completed and occupied on July 1. To help pay for construction $100,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,000,000, 10% note issued two...
Please show work for this problem.
3. (7 points) On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 April 1 $ 222,000 May 1 540,000 June 1 810,000 July 1 300,000 The building was completed and occupied on July 1. To help pay for construction $150,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a...
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 Apri1 219,840 June1 803,880 July 1306,480 541,320 | The building was completed and occupied on July 1 . To help pay for construction $151,440 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. Calculate the weighted-average accumulated expenditures. (Do not...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-03 Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,091,450 on December 31. Wildhorse Company borrowed $1,082,890 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,243,100 note payable and an 11%, 4-year, $3,364,500...
9. On March 1, 2020, Bonita Industries purchased land for an office site by paying $2700000 cash. Bonita began construction on the office building on March 1. The following expenditures were incurred for construction: Date Expenditures March 1, 2020 $ 1700000 April 1, 2020 2490000 May 1, 2020 4590000 June 1, 2020 4890000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3550000 was borrowed on March 1, 2020...
On March 1, 2017, Sheridan Company purchased land for an office
site by paying $2600000 cash. Sheridan began construction on the
office building on March 1. The following expenditures were
incurred for construction:
Date
Expenditures
March 1, 2017
$ 1810000
April 1, 2017
2490000
May 1, 2017
4420000
June 1, 2017
4700000
The office was completed and ready for occupancy on July 1. To help
pay for construction, and purchase of land $3670000 was borrowed on
March 1, 2017 on...
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 Expenditures were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31 Pronghorn Company borrowed $2,000,000 on March 1 on a 5-year, 12 % note to help finance construction of the building. In addition, the company had outstanding all year a 8 %, 5-year, $4,000,000 note payable and an 11...
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