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. Expenditures
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:
January 1, 2024 $ 316,000
September 1, 2024 $ 462,000
December 31, 2024 $ 462,000
March 31, 2025 $ 462,000
September 30, 2025 $ 316,000
The company had $5,400,000 in 14% bonds outstanding through both years. Capitalized interest in 2024 was:
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Anti Fraud Risk And Control Workbook
Authors: Peter Goldmann, Hilton Kaufman
1st Edition
0470496533, 978-0470496534
