Question
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures on the project were as follows:
| January 1, 2016 | $308,000 |
| September 1, 2016 | $456,000 |
| December 31, 2016 | $456,000 |
| March 31, 2017 | $456,000 |
| September 30, 2017 | $308,000 |
| Dreamworld had $5,200,000 in 12% bonds outstanding through both years. |
Dreamworld's average accumulated expenditures for 2016 was:
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Theory Practice And Techniques In Bookkeeping Accounting And Auditing
Authors: N/A,
1st Edition
1680947761, 978-1680947762
