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1 a . ) Company A had the following loans outstanding for the entire year:AmountInterest RateSpecific construction loan$ 1 0 0 , 0 0 0
a Company A had the following loans outstanding for the entire year:AmountInterest RateSpecific construction loan$General loanThe company began the selfconstruction of a building on January The following expenditures were made during the year:January $May November Total$Construction was completed on December Compute the amount of interest capitalized during the year. $ $ $ $
bCompany D has decided to use group depreciation based on the straightline depreciation method. The initial pool of assets on which the group depreciation rate is based is as follows:Acquisition CostSalvage ValueUseful LifeAsset $$ yearsAsset Asset Asset After using these fourassets to compute the group depreciation rate, the company purchased a similar asset, Asset on January for $ What is the total annual depreciation expense for this group of Assets through $ $ $ $
c Kaylyn Company purchased an intangible asset for $ on January of Year On January of Year the asset was evaluated to determine whether it was impaired. As of January of Year the intangible asset was expected to generate future cash flows of $ per year at the end of the year The appropriate discount rate is compounded annually. This intangible asset has an indefinite, or infinite, life.What impairment loss should be recognized in Year $ $ $ $
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