Question
On January 1, 2017 Dubai Company began construction of a new GYM. The GYM was finished and ready for use on 12/31/2017. Expenditure were January
On January 1, 2017 Dubai Company began construction of a new GYM. The GYM was finished and ready for use on 12/31/2017. Expenditure were
January 1, 2017 $400000
April 1 $450000
June,1 $120000
September 1, $300000
December 31, $450000
Sharjah Company had $4500000 12% in construction note
A. What are the weighted-average accumulated depreciation
B. What is the avoidable interest for Sharjah Company
C. What is the actual Interest for Sharjah Company
D. What amount of interest should be charged to Expense
E. What is the total cost of the project for Sharjah Company
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