Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1, $1,200,000 on June 1, and $3,010,680 on December 31. Compute Riverbed’s weighted-average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures?
Date | Amount | Capitalization Period | Weighted Avg Accumulated Exp |
March-01 | $1,800,000 | 10/12 | $1,500,000 |
June-01 | $1,200,000 | 7/12 | $700,000 |
December-31 | $3,010,680 | 0 | $0 |
$6,010,680 | $2,200,000 |
Weighted Average Accumulated Expenditure = $2,200,000
Riverbed Company is constructing a building. Construction began on February 1 and was completed on December...
Novak Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,064,000 on March 1, $1,212,000 on June 1, and $3,092,500 on December 31. Compute Novak’s weighted-average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures are?
Carla Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,088,000 on March 1, $1,236,000 on June 1, and $3,060,460 on December 31. Compute Carla's weighted-average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures
Flint Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,812,000 on March 1, $1,212,000 on June 1, and $3,093,870 on December 31. Compute Flint’s weighted-average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $
Larkspur 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 $3,003.740 on December 31. Compute Larkspur's weighted average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $
Sage Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,812,000 on March 1, $1,212,000 on June 1, and $3,093,870 on December 31. Compute Sage’s weighted-average accumulated expenditures for interest capitalization purposes. Calculate Weighted-Average Accumulated Expenditures.
Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $5,400,000 on March 1, $3,600,000 on June 1, and $9,000,000 on December 31. Riverbed Company borrowed $3,000,000 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 10%, 5-year, $6,000,000 note payable and an 11%, 4-year, $10,500,000 note payable. Compute avoidable interest for Riverbed Company. Use the...
Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,060,000 on March 1, $2,040,000 on June 1, and $5,100,000 on December 31. Riverbed Company borrowed $1,700,000 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 14%, 5-year, $3,400,000 note payable and an 11%, 4-year, $5,950,000 note payable. Compute avoidable interest for Riverbed Company. Use the...
Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,240,000 on March 1, $2,160,000 on June 1, and $5,400,000 on December 31. Nash Company borrowed $1,800,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $3,600,000 note payable and an 11%, 4-year, $6,300,000 note payable. Compute avoidable interest for Nash Company. Use the...
Marin Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,052,000 on March 1, $1,200,000 on June 1, and $3,007,200 on December 31. Marin Company borrowed $1,042,720 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 9%, 5-year, $2,039,800 note payable and an 10%, 4-year, $3,462,500 note payable. Compute the weighted-average interest rate used for interest...
Bridgeport Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,052,000 on March 1, $1,200,000 on June 1, and $3,007,200 on December 31. Bridgeport Company borrowed $1,042,720 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 9%, 5-year, $2,039,800 note payable and an 10%, 4-year, $3,462,500 note payable. Compute the weighted-average interest rate used for interest...