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You bought a 2018 Wrangler Rubicon by trading in your 2010 Jeep Wrangler Sport and paying $25,000 cash. The dealer's listed price for 2018 Rubicon

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You bought a 2018 Wrangler Rubicon by trading in your 2010 Jeep Wrangler Sport and paying $25,000 cash. The dealer's listed price for 2018 Rubicon was $47,000. Your 2010 Sport could be sold for $16,000. What was your acquisition cost of the 2018 Rubicon? 1. Your 2010 Sport was purchased a few years ago for $30,000; by the date of trading, your accumulated depreciation on this vehicle was $12,000. Do you need to record a loss or gain on this vehicle? How much? 2. What is interest capitalization for a self-constructed building

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