Question
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:
| January 1, 2018 | $ | 322,000 | |
| September 1, 2018 | $ | 474,000 | |
| December 31, 2018 | $ | 474,000 | |
| March 31, 2019 | $ | 474,000 | |
| September 30, 2019 | $ | 322,000 | |
Dreamworld had $5,800,000 in 12% bonds outstanding through both years. Dreamworld's capitalized interest in 2018 was:
Multiple Choice
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$38,640.
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$57,600.
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$77,280.
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$67,260.
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High Performance Cloud Auditing And Applications
Authors: Keesook J. Han, Baek-Young Choi, Sejun Song
1st Edition
1493944355, 978-1493944354
