Question
On January 1, 2024, a company began construction of a new warehouse. The building was finished and ready for use on September 30, 2025.
On January 1, 2024, a company began construction of a new warehouse. The building was finished and ready for use on September 30, 2025. Expenditures on the project were as follows: $ 300,000 $ 450,000 $ 450,000 $ 450,000 $ 300,000 January 1, 2024 September 1, 2024 December 31, 2024 March 31, 2025 September 30, 2025 The company had $5,000,000 in 12% bonds outstanding through both years. What was the final cost of the warehouse?
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
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