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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 | $322,000 |
| September 1, 2016 | $474,000 |
| December 31, 2016 | $474,000 |
| March 31, 2017 | $474,000 |
| September 30, 2017 | $322,000 |
| Dreamworld had $5,800,000 in 12% bonds outstanding through both years. |
| Dreamworld's capitalized interest in 2016 was: |
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Wiley CPAexcel Exam Review 2018 Study Guide Auditing And Attestation
Authors: Wiley
1st Edition
1119480671, 978-1119480679
