Problem 10-9

Only available on StudyMode
  • Topic: 1971, 1973, 1978
  • Pages : 1 (250 words )
  • Download(s) : 107
  • Published : May 13, 2013
Open Document
Text Preview
ACCT305
P10-9
(1)
Weighted-average accumlated expenditures by the end of 2009 are: January 3, 2009$1,000,00012/12$1,000,000
March 1, 2009$600,00010/12$500,000
June 30, 2009$800,0006/12$400,000
October 1, 2009$600,0003/12$150,000Capitalized Int.Total Expenditures Average accumulated expenditures for 2009$2,050,0000.1$205,000 $3,000,000 $3,205,000

Weighted-average accumlated expenditures by the end of 2010 are: January 1, 2010$3,205,0001 $3,205,000
January 31, 2010$270,000 8/9 $240,000 $3,000,000 0.1 3/4 $225,000 April 30, 2010$585,000 5/9 $325,000 $870,000 0.072 3/4 $46,980 August 31, 2010$900,000 1/9 $100,000Total to Capitalize in 2010 $271,980 Average accumulated expenditures for 2010$3,870,000

Long Term Loans Weighted Average(2)Total Cost of building $4,000,000.00 0.06$240,0002009 Building $3,000,000 $6,000,000.00 0.08$480,000Capitlize Int. $205,000 $10,000,000.00 $720,000 $10,000,000 0.072 $3,205,000

2010 Building $270,000 $5,231,980
$585,000
(3) $900,000
20092010 $1,755,000
$300,000 CONST. LOAN $1,020,000 $271,980
$240,000 LOAN 1 $271,980 $2,026,980
$480,000 LOAN 2 $748,020
$1,020,000
$205,000
$815,000
tracking img