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Can please answer all the questions as soon as possible.. I appreciate your help a lot exchanged for equipment with a fair value of $50,000.

image text in transcribed Can please answer all the questions as soon as possible.. I appreciate your help a lot
exchanged for equipment with a fair value of $50,000. Baylor also received $8,000 cash in the transaction How much is the fair value of the machine given up on the day of exchange? 10. Baylor traded a machine that cost $66,000 and has accumulated depreciation of $30,000 in c. $44,000 .$58,000 a. $42,000 b. $28,000 I1. Which of the following subsequent espenditures should be sspensed? c. Additions d. Improvements a. Ordinary repairs b. Material rearrangement building to be used as its office On January 1, 2016, Dennis Company began construction of a headquarters. The building was completed on December 31, 2016. The following expenditures were incurred for construction during 2016 Expenditure April 1, 2016 30 July 31, 2016 December 31, 2016 S 300,000 450,000 600,000 To help pay for construction, the company obtained a $500,000 specific construction loan on January 2016 with a 10% interest rate. Other than the construction note, the company's other interest-bearing debts included two long-term notes of $300,000 and $600,000 with interest rates of 9% and 12%, respectively. Both notes were outstandi ng during the entire construction period. on the construction project during 2016 were a $412,500 b.337,500 e.$462,500 d. $937,500 13. Regardless of your answer in 12, now "assume" that the weighted-average accumulated expenditures for the construction project are S 480,000 and the weighted-average interest rate Other things being equal, the amount of avoidable interest for 2016 is a. $47,800 b. $50,000 c. $48,000 14. Regardless of your answers in 12-13, now "assume" that the weighted-average accumulated d.S 52,800 expenditures for the construction project are $640,000 and the weighted-average interest rate is 11% Other things being equal, the amount of avoidable interest for 2016 is a. $69,000 b. $65,400 c.$70,400 d. $64,000 15. Regardless of your answers in 12-14, now "assume" that the amount of actual interest is $60,000 and avoidable interest is S$40,000. Which of the following is the correct journal entry to record the interest capitalized? Account titlesDebit Credit Account titles Debit Credit 40,000 Interest revenue 60MD 40,000 Interest expense b. Interest expense 40,000 60,000 Building 40,000 40,000 40,000 16. On Jan. 1, 2013, a company purchased equipment at a cost of $30,000. Depreciation has been recorded at a rate of $3,000 per year, resulting in a balance in accumulated depreciation of $9,000 and book value of $21,000 at Dec. 31,2015. The equipment was sold on June 1,2016, for $17,000 Based on the above information, the amount of gain or loss on sale of the equipment is: . A loss of S 4,000. b. A gain of $ 4,000. c.A loss of $ 2,750.d. A gain of s 2.750

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