Business, 21.06.2020 05:57, ilovecatsomuchlolol
nterest During Construction Alta Company is constructing a production complex that qualifies for interest capitalization. The following information is available: Capitalization period: January 1, 2019, to June 30, 2020 Expenditures on project: 2019: January 1 $ 540,000 May 1 465,000 October 1 600,000 2020: March 1 1,500,000 June 30 600,000 Amounts borrowed and outstanding: $1.5 million borrowed at 12%, specifically for the project $6 million borrowed on July 1, 2018, at 14% $14 million borrowed on January 1, 2017, at 8% Required: Compute the amount of interest costs capitalized each year. Capitalized interest, 2019 $ Capitalized interest, 2020 $ 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. Round answer to two decimal places. $ Next Level Since GAAP requires accrual accounting, if a company capitalizes interest during the construction period it will report income than if it had not capitalized interest. In future periods, the same company will report income than if it had not capitalized interest.
Answers: 2
Business, 22.06.2019 02:00, camperangie3364
Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20
Answers: 2
Business, 23.06.2019 01:50, breannaasmith1122
The de mesa family will soon be occupying their newly renovated house. however, the bathroom measuring 10ft. by 16 ft. still needs to be covered by tiles. if the tile that they desire measures 2/5 ft by 2/5 ft., how many tiles will they need to cover the bathroom floor?
Answers: 3
Business, 23.06.2019 08:20, marialandingin7520
Analyze the forces in the marketing environment that have contributed to pinterest’s explosion in popularity?
Answers: 3
nterest During Construction Alta Company is constructing a production complex that qualifies for int...
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