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Prnblem 10-7 {Julie [M is a bunk dislrlhulnr Ihal had been availing II it: nrlginalf'sdlif since 1987. The intraasz in cartiallcn pmgrams and Eurdinulrlg Edwann
Prnblem 10-7 {Julie [M is a bunk dislrlhulnr Ihal had been availing II it: nrlginalf'sdlif since 1987. The intraasz in cartiallcn pmgrams and Eurdinulrlg Edwann rzquirEmEnIs in SEVEI'EI pruizssinns has EunLriIJuth [D an annuai grmrth ralE uf15% hr Orbit since 2012, On'nh' urigilal faility hntamz nhsnlElE by Early ED 1? because Di the imaged Salas vnlumz and thE lad lhal Orin-IE new (art's; CD5 in addition in banks. On June 1, 201?, Orinla :Dnlraded with Black Cnnslmdinn be have a new buiIding cnnstmued for $4,649.00\" on land wmd by Oriole. The paymerd: mad! by OriulE In Black Conmcnn are shown in the schedule beiw. Dul- Arc-amt Juiy 30, 2017 $1,044,000 January 30, 2013 1,740,000 May 30, 2010 1,056,000 Intal paymanls 34.540.0130 Curlslrudiun was campleled and die building was ready Fur alIuplanty dri May 21, 2013. oridle liad nu new burruwirlgs dirEdly assixiaced with die new building bul had die rdlldmng dehl outstanding al May 31, 201E, llie end mi .15 Fiscal year, 10%, 5-year nace payable ulgzaznmm dalssd Apr: 1, 2014, wllh interest payable annuaily an April 1, 12%, 10-year bcrid issue cl 13,430.000 said at car on June 30, 2010, with interest payable annually cri June The new building qualies fur inlerwi capitalizaliani The elven cit :apilaizing me interw on me new cuilding, compared with me elven of expensing me interest, is material. Compute ltie weid htadsaveraga accumulaled Expenditum cri Oriole's new building during the capitalization periud. Weighhedsverage Accumulated Espendicures s Compute the avoidabie interest on Oriole's new tuil rug. (Roundintennadliate percentage caicniah'un h: I decimalpl'aoq, mg. 15.6% and nal! answer to a dacimal'placeq, .9. 5.125.} Awidahle InterBt $|:| Some hterest cost of Oriole Inc. is capitalized fur the year ended May 3]., 2015. Compute the amount of Each items that must be disdosed in Or'iole's nancial slatemenls. Total actual intert test 5: Total interest capilalized 1;|:| Total interest expensed $|:| Clil. it run would \"he in Shaw Work for this question: Qgen Show Work
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