1 Exercise 10-23 (Algo) Interest capitalization (LO107 15 On January 2021, the Shagil Company began construction on a new.manufacturing city for its own The Wing completed in 2022. The only interest-bearing debt the company had outstanding during 2001 was long-terbonde wa book of $10,600.000 and an effective interest rate of 9%. Construction expenditures incurred during 2021 wres fotos SANAY 1 160,000 16.00 ay $18,000 30.000 December 360,000 Required: Calculate the amount of interest capitalized for 2021 January 1 March 1 wy Gel Dec 31 Amadeus * 0 Can Anem Average depende Help 2 Check my work Exercise 10-18 (Algo) Nonmonetary exchange (L010-6] 15 pots The Tinsley Company exchanged land that it had been holding for future plant expansion for a more suitable parcel located farther from residential areas. Tinsley carried the land at its original cost of $87,500. According to an independent appraisal, the land currently is worth $210,000. Tinsley paid $30,000 in cash to complete the transaction Required: 1. What is the fair value of the new parcel of land received by Tinsley assuming the exchange has commercial substance? 2. Prepare the journal entry to record the exchange assuming the exchange has commercial substance 3. Prepare the journal entry to record the exchange assuming the exchange lacks commercial substance. 4. Prepare the journal entry to record the exchange except that Tinsley received $42.000 in the exchange, and the exchange lackes commercial substance coce Horn Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 anda Req4 What is the fair value of the new parcel of land received by Tinsley assuming the exchange has commercial substance? tences Fair value Read > Check my 3 Oaktree Company purchased new equipment and made the following expenditures Purchase price Balestar Treight charge for shipment et gospens Is On the went for the test year Installation of with 360,000 4,100 990 1,090 3.900 02- book The equipment, including sales tax, was purchased on open account, with payment dum in 30 days. The other expenditures isted above were paid in cash Required: Prepare the necessary Journal entries to record the above expenditures. ( no entry is required for a transaction event, select the Journal entry required in the first account field.) Hire View transaction is Pant Journal entry worksheet ences