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Part #2: On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30,
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On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 September 1, 2021 December 31, 2021 March 31, 2022 September 30, 2022 $321,000 $471,000 $471,000 $471,000 $321,000 Dreamworld had $5,700,000 in 10% bonds outstanding through both years. What was the final cost of Dreamworld's warehouse? Multiple Choice $2,055,000 $1,310,800. O O $2,224,660. $2,233,880. On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 September 1, 2021 December 31, 2021 March 31, 2022 September 30, 2022 $334,000 $498,000 $498,000 $498,000 $334,000 Dreamworld had $6,600,000 in 12% bonds outstanding through both years. The average accumulated expenditures for 2022 by the end of the construction period was: Multiple Choice $1,722,000. $2,162,000. $1,080,500. X $1,390,000
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