Two independent companies, Denver and Bristol, each own a warehouse, and they agree to exchange then The following information for the fivo warehouses is available Britot agees to pay Denver 12.000 to cortulece the exchange. Required: Assuming the transaction has commeroif substance, prepare joumal enthes for Denver and Enstod to record the exchapge. Alta Company is constructing a production complex that qualifies for interest capitalization. The following information is awailable: - Capitalization period: Manuary 1, 2010, to June 30,2020 - Expenditures on project: 2019: - Amourits borrowed and outstanding: $1.4 militon berrowed at 12%, specifically for the project is mittion borrowed on Xify 1, 2018, at 14\% $14 million borrewed on January 1,2017 , at es. Required: Note: Round all final numeric answers to two decimal places. 1. Compute the amount of interest costs capitalized each year. Capitalized interest, 2019 Capitalized interest, 2020 2. If it is assumed that the production complex has an estimated life of 20 years and a residual value of $0, compute the straight-line depreciation in 2020 . 3. Since GAAP requires accrual accounting, if a company capitalizes interest during the construction period it will report income than if it had not capitalized if future periods, the same company will report income than if it had not capitalized interest