Ringler Corporation changes on plant set for a ser p exchange. The exchange it expected to ce either entity. If a gain on the disposat of the d asset A be credited directly to the owner's capital B. effectively increase the amount to be recorded C. be reported in the Other Revenues and Gains section D. effectively reduce the amount to be recorded as the cont of the new 9 Sunland Company purchased equipment for $37600. Sales tee on the porchase was 52256 he costs incurred were freight charges of $564, repairs of 5329 for damage during installation, and installation costs of $631. What is the cost of the equipment? A. $37600 D. $39856 C. $41051 D. 541380 10. On January 2, 2020, Coronado industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction in 2020 were as follows January 2, 2020 $ 596000 September 1, 2020 December 31, 2020 1802400 1802400 Coronado industries borrowed $3310000 on a construction loan at 12% interest on January 2, 2020 This loan was outstanding during the construction period. The company also had 512360000 in 9% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was: A. $287808 B: $504096 C. $143616 D. $107712 11. Below is the information relative to an exchange of assets by Sheridan Company. The exchange lacks commercial substance. Old Equipment Book Value $292000 Fair Value $265000 Which of the following would be correct? Record Equipment at: Record a gain (loss) of A. $292000 $(16400) B. $308400 $(27000) C. $292000 $16400 D. $335400 $27000 Cash Paid 543400 42 292000 $5000 27000