Answers
Answer:-
The actual expenditure incurred on the partially completed structure = $ 6,000,000
Average actual expenditure = (0 + $ 6,000,000) / 2 = $3,000,000
Amount to be capitalized at April 30, 2018 = $3,000,000 * 15% = $450,000
As per SFAS 62, the interest earned is irrelevant to the question as interest earned on the un expended portion of the loan is not to be offset against the amount eligible for capitalization.
I HOPE IT USEFUL TO YOU IF YOU HAVE ANY DOUBT PLZ COMMENT GIVE ME UP-THUMB. THANKS....
.Similar Solved Questions
1 answer
A new soft drink is being market tested. The manufacturer believes that at least 22% of...
A new soft drink is being market tested. The manufacturer believes that at least 22% of the population will like the new soft drink. A sample of 400 individuals participated in the taste test and 80 indicated they like the taste. What is the hypothesis? Group of answer choices H00: p ≥≥ .22 Ha...
1 answer
Trace a drop of blood traveling from the left pinky toe to the right eye.
Trace a drop of blood traveling from the left pinky toe to the right eye....
1 answer
For many purposes we can treat propane (CH) as an ideal gas at temperatures above its...
For many purposes we can treat propane (CH) as an ideal gas at temperatures above its boiling point of - 42. "C. Suppose the temperature of a sample of propane gas is lowered from 25.0°C to - 22.0 °C, and at the same time the pressure is changed. If the initial pressure was 0.58 kPa and ...
1 answer
Question 26 (1 point) Saved Find the indicated probability. In general, the probabiliiy thai a bld...
Question 26 (1 point) Saved Find the indicated probability. In general, the probabiliiy thai a bld donor has lyp A blood is 0.40 Consider 8 randomly chosen blood donors, what is the probability that more than half of them have Type A blood? 0.0256 1.6 0.1737 0.8263 0.2322...
1 answer
Would changing the volume of the original stock solution and the incremental dilution volumes to a...
Would changing the volume of the original stock solution and the incremental dilution volumes to a new constant value affect the successive concentrations? (For example, starting with 10 mL and transferring in 10 mL increments?)...
1 answer
Bramble Corporation sold $2,200,000, 7%, 5-year bonds on January 1, 2022. The bonds were dated January...
Bramble Corporation sold $2,200,000, 7%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Bramble Corporation uses the straight-line method to amortize bond premium or discount. (1) Prepare journal entries to record the issuance of the bonds and b...
1 answer
What are aerosol, condensation aerosol, and dispersion aerosol? What is the reason for acid rain?
What are aerosol, condensation aerosol, and dispersion aerosol? What is the reason for acid rain?...
1 answer
Get a joint density of iid Bernoulli random variables, and show that this is a valid...
Get a joint density of iid Bernoulli random variables, and show that this is a valid joint density....
1 answer
What key adaptations allowed amniotic to invade all terrestrial environments? Explain
What key adaptations allowed amniotic to invade all terrestrial environments? Explain...
1 answer
Question 5. (20pts) (Briefly justify your answer) 1) Consider three transactions: T1, T2 and T3. Draw...
Question 5. (20pts) (Briefly justify your answer) 1) Consider three transactions: T1, T2 and T3. Draw the precedence graph for the following schedule consisting of these three transactions and determine whether it is conflict serializable a) (5points) S: R1(X); R3(Z); W2(X); RI(Z); R3(Y); W2(Y), R3(...
1 answer
The building blocks used to construct human DNA are identical to these used to construct goat...
The building blocks used to construct human DNA are identical to these used to construct goat DNA. Why, then, are humans and goats different?...
1 answer
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2 Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which ...
1 answer
On 1/1/19, Athlon Company acquired 75% of Opteron Corporation's common stock for $150,000. At the date...
On 1/1/19, Athlon Company acquired 75% of Opteron Corporation's common stock for $150,000. At the date of acquisition, Operon's common stock was $50,000 and the retained earnings were $60,000. The difference between Opteron's book value and fair value at the date of acquisition was attri...
2 answers
A ball with a weight of 2 N is attached to the end of a cord...
A ball with a weight of 2 N is attached to the end of a cord of length 2 m. The ball is whirled in a vertical circle counterclockwise. The tension in the cord at the top of the circle is 7 N and at the bottom it is 15 N. (Do not assume that the speed of the ball is the same at these points.) a) Thre...
1 answer
In Exercises 1-6, locate the bifurcation values for the one-parameter family and draw the phase lines...
In Exercises 1-6, locate the bifurcation values for the one-parameter family and draw the phase lines for values of the parameter slightly smaller than, slightly larger than, and at the bifurcation values. dy α-ly 6. dt...
1 answer
Below is the comparative Income statement of C. Gabel, Inc. Click the icon to view the...
Below is the comparative Income statement of C. Gabel, Inc. Click the icon to view the comparative income statement.) Read the requirements Requirement 1. Prepare a horizontal analysis of the comparative Income statement of C. Gabel, Inc. Round percentage changes to the nearest tenth of a percent, X...
2 answers
According to the Journal of Irreproducible Results, any obtuse angle is a right angle
According to the Journal of Irreproducible Results, any obtuse angle is a right angle! Here istheir argument.Given the obtuse angle x, we make a quadrilateral ABCD with DAB = x, and ABC =90◦, andAD = BC. Say the perpendicular bisector toDC meets the perpendicular bisector toAB at P. ThenPA...
1 answer
Question 2 (8 pts): Will this C++ program compile, and if not why? 001 nclude estring>...
Question 2 (8 pts): Will this C++ program compile, and if not why? 001 nclude estring> 002 include ccmath> 003 004 uning namespace std 005 006 007 templatesclass T> 008 T operator+ (const Telassa% t1, const Telassct 009 010 templatecclass T> 011 class Tolass( t2); 012 friend T operatort ...