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Do you please can help me to calculate the interest because due en 45 day, but I need tthe amount in dollar with interest include.
Do you please can help me to calculate the interest because due en 45 day, but I need tthe amount in dollar with interest include.
Explanation: Step 3: Determine the allocation of the cost to the building and land. The total cost of the building and land is $131,000.00. The value of the land is $21,000.00. Therefore, the cost allocated to the building is $131,000.00$21,000.00=$110,000.00. Step 4: Calculate the interest expense allocated to the building. Interest expense allocated to the building = Interest expense for 45 days * (Building cost / Total cost) Interest expense allocated to the building =0.9990%$131,000.00$110,000.00 Interest expense allocated to the building = (0.9990%0.8397)0.8389% Thus, the interest expense for one-half month, allocated to the building, is approximately 0.8389%. Explanation Please refer to solution in this step Step by Step Solution
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