Business
Business, 09.07.2019 02:20, idontknow1993

Emerson enterprises is constructing a building. construction began in 2018 and the building was completed on december 31, 2018. emerson made payments to the construction company of $ 700 comma 000 on july 1, $ 2 comma 100 comma 000 on september 1, and $ 2 comma 800 comma 000 on december 31. what is the amount of weightedminusaverage accumulated expenditures that provides the basis for determining capitalized interest?

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Business, 26.06.2019 20:10, josephvcarter
On january 1, 2018, the mason manufacturing company began construction of a building to be used as its office headquarters. the building was completed on september 30, 2019. expenditures on the project were as follows: january 1, 2018 $ 1,000,000 march 1, 2018 600,000 june 30, 2018 800,000 october 1, 2018 600,000 january 31, 2019 270,000 april 30, 2019 585,000 august 31, 2019 900,000 on january 1, 2018, the company obtained a $3 million construction loan with a 10% interest rate. the loan was outstanding all of 2018 and 2019. the company’s other interest-bearing debt included two long-term notes of $4,000,000 and $6,000,000 with interest rates of 6% and 8%, respectively. both notes were outstanding during all of 2018 and 2019. interest is paid annually on all debt. the company’s fiscal year-end is december 31. calculate the amount of interest that mason should capitalize in 2018 and 2019 using the specific interest method.
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Business, 10.09.2019 20:20, jacky852
On january 1, 2018, the mason manufacturing company began construction of a building to be used as its office headquarters. the building was completed on september 30, 2019. expenditures on the project were as follows: january 1, 2018 $ 1,050,000 march 1, 2018 870,000 june 30, 2018 390,000 october 1, 2018 690,000 january 31, 2019 675,000 april 30, 2019 990,000 august 31, 2019 1,710,000 on january 1, 2018, the company obtained a $3 million construction loan with a 14% interest rate. the loan was outstanding all of 2018 and 2019. the company’s other interest-bearing debt included two long-term notes of $4,900,000 and $6,900,000 with interest rates of 5% and 7%, respectively. both notes were outstanding during all of 2018 and 2019. interest is paid annually on all debt. the company’s fiscal year-end is december 31. required: 1. calculate the amount of interest that mason should capitalize in 2018 and 2019 using the weighted-average method. 2. what is the total cost of the building? 3. calculate the amount of interest expense that will appear in the 2018 and 2019 income statements.
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Business, 22.10.2019 20:00, onna172001
Problem 10-6blue landscaping began construction of a new plant on december 1, 2017. on this date, the company purchased a parcel of land for $150,000 in cash. in addition, it paid $2,400 in surveying costs and $3,840 for a title insurance policy. an old dwelling on the premises was demolished at a cost of $3,360, with $1,200 being received from the sale of materials.architectural plans were also formalized on december 1, 2017, when the architect was paid $36,000. the necessary building permits costing $3,360 were obtained from the city and paid for on december 1 as well. the excavation work began during the first week in december with payments made to the contractor in 2018 as follows.date of payment amount of paymentmarch 1 $ 262,800may 1 333,600july 1 63,600the building was completed on july 1, 2018.to finance construction of this plant, blue borrowed $603,600 from the bank on december 1, 2017. blue had no other borrowings. the $603,600 was a 10-year loan bearing interest at 10%.compute the balance in each of the following accounts at december 31, 2017, and december 31, 2018. (round answers to 0 decimal places, e.g. 5,275.)december 31, 2017 december 31, 2018(a) balance in land account (b) balance in building (c) balance in interest expense
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