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And last question is : what it's the warranty liability at the end of the year ? nly1 2012, the Crocus Company began construction of
And last question is : what it's the warranty liability at the end of the year ? nly1 2012, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2013. Expenditures on the project were as follows (S in millions) July 1, 2012 October 1. 2012 February 1, 2013 April 1. 2013 eptember 1. 2013 30 21 October 1, 2013 On July 1, 2012, crocus obtained a $70 million construction loan with a 6% interest rate. The loan was outstanding through the end of October, 2013. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 8%. This note was outstanding during all of 2012 and 2013. The company's fiscal year-end is December 31. What is the amount of interest that Crocus should capitalize in 2012, using the specific interest method? 12. 2.96 A. $1.90 million. B. $1.95 million. 2.96 million. 374 D. None of the above is correct. 2 In computing the capitalized interest for 2013, Crocus' average accumulated expenditures are $46.30 million. B. $103.54 million. $122.30 million D. $124.25 million. 37 2 O. /o
And last question is : what it's the warranty liability at the end of the year ?
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