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Use the following information for questions 1-8 On January 1, 2019, SJT Corp. made an initial investment of $2,000,000 and construction began on a new
Use the following information for questions 1-8 On January 1, 2019, SJT Corp. made an initial investment of $2,000,000 and construction began on a new factory plant. Construction continued throughout 2019 and was completed on August 30, 2020. The timing of construction expenses (required outlays) and all debt outstanding are provided below. Construction Expense Schedule Date 1/1/2019 4/1/2019 10/1/2019 12/31/2019 5/1/2020 8/30/2020 Construction Cost $2,000,000 $2,000,000 $1,000,000 $3,000,000 $2,000,000 $500,000 Debt Outstanding Debt Construction Loan #1 Construction Loan #2 10 Year Bond issued at par 3 Year Notes Payable Date Initiated 1/1/2019 1/1/2020 1/1/2015 1/1/2018 Amount $3,000,000 $1,000,000 $6,000,000 $2,000,000 Interest Rate 10% 8% 7% 5% Question 5 What was SJT's weighted average accumulated expenditure (WAAE) as of 12/31/2020? Edit View Insert Format Tools Table 12pt Paragraph A vs T : What is actual interest in 2020? Edit View Insert Format Tools Table 12pt v Paragraph U AVOT What is the historic cost that SJT Corp should record for their building upon completion (i.e., after capitalizing interest for both periods)? Edit View Insert Format Tools Table
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