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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 | $334,000 |
September 1,2013 | $498,000 |
December 31,2013 | $498,000 |
March 31,2014 | $498,000 |
September 30,2014 | $334,000 |
Dreamworld had $6,600,000 in 12% bonds outstanding through both years. |
Dreamworld's average accumulated expenditures for 2013 was: |
$668,000. | |
$500,000. | |
$583,500. | |
$334,000. |
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