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On January 1, 2013, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2014. Expenditures
On January 1, 2013, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2014. Expenditures on the project were as follows: |
January 1,2013 | $341,000 |
September 1,2013 | $507,000 |
December 31,2013 | $507,000 |
March 31,2014 | $507,000 |
September 30,2014 | $341,000 |
Dreamworld had $6,900,000 in 12% bonds outstanding through both years. |
What was the final cost of Dreamworld's warehouse? |
a) | $2,422,078. |
b) | $1,416,200. |
c) | $2,203,000. |
d) | $2,434,144. |
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Accumulated expenditures at 12312013 Date 112013 341000 1212 341000 912013 507000 412 1690...
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