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14. On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017.
14.
| On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures on the project were as follows: |
| January 1, 2016 | $336,000 |
| September 1, 2016 | $504,000 |
| December 31, 2016 | $504,000 |
| March 31, 2017 | $504,000 |
| September 30, 2017 | $336,000 |
| Dreamworld had $6,800,000 in 10% bonds outstanding through both years. |
Dreamworld's capitalized interest in 2016 was:
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Iain G. Sheffield, I.H. Gray, I. Etal Gray
2nd Edition
1861520107, 9781861520104
