Please finish all the question below

Pr. 10-139Capitalization of interest.

During 2014, Barden Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2014 were $8,400,000. The company had the following debt outstanding at December 31, 2014:

1. 10%, 5-year note to finance construction of various assets,

dated January 1, 2014, with interest payable annually on January 1 $5,400,000

2. 12%, ten-year bonds issued at par on December 31, 2008, with interest

payable annually on December 31 6,000,000

3. 9%, 3-year note payable, dated January 1, 2013, with interest payable

annually on January 1 3,000,000

Instructions

Compute the amounts of each of the following (show computations).

1. Avoidable interest.

2. Total interest to be capitalized during 2014.

Pr. 10-139Capitalization of interest. During 2014, Barden Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2014 were $8,400,000. The company had the following debt outstanding at December 31, 2014: 1. 10%, 5-year note to finance construction of various assets, dated January 1, 2014, with interest payable annually on January 1 $5,400,000 2. 12%, ten-year bonds issued at par on December 31, 2008, with interest payable annually on December 31 6,000,000 3. 9%, 3-year note payable, dated January 1, 2013, with interest payable annually on January 1 3,000,000 Instructions Compute the amounts of each of the following (show computations). 1. Avoidable interest. 2. Total interest to be capitalized during 2014. Pr. 10-143Nonmonetary exchange. Rogers Co. had a sheet metal cutter that cost $120,000 on January 5, 2010. This old cutter had an estimated life of ten years and a salvage value of $20,000. On April 3, 2015, the old cutter is exchanged for a new cutter with a fair value of $60,000. The exchange lacked commercial substance. Rogers also received $15,000 cash. Assume that the last fiscal period ended on December 31, 2014, and that straight-line depreciation is used. Instructions (a) Show the calculation of the amount of the gain or loss to be recognized by Rogers Co. (b) Prepare all entries that are necessary on April 3, 2015. Show a check of the amount recorded for the new cutter. Pr. 11-137Impairment. Dolphin Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2013 for $8,000,000 and had an estimated useful life of 8 years with no salvage value. At December 31, 2014, new technology was introduced that would accelerate the obsolescence of Dolphin's equipment. Dolphin's controller estimates that expected future net cash flows on the equipment will be $5,000,000 and that the fair value of the equipment is $4,400,000. Dolphin intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Dolphin uses straight-line depreciation. Instructions (a) What is the carrying value of the asset? (b) Prepare the journal entry (if any) to record the impairment at December 31, 2014. (c) Prepare any journal entries for the equipment at December 31, 2015. The fair value of the equipment at December 31, 2015, is estimated to be $4,600,000. (d) Repeat the requirements for (a) and (b), assuming that Dolphin intends to dispose of the equipment and that it has not been disposed of as of December 31, 2015