Problem 10-9
ACCT305 P10-9
(1)
Weighted-average accumlated expenditures by the end of 2009 are:
January 3, 2009 $1,000,000 12/12 $1,000,000
March 1, 2009 $600,000 10/12 $500,000
June 30, 2009 $800,000 6/12 $400,000
October 1, 2009 $600,000 3/12 $150,000 Capitalized Int. Total Expenditures
Average accumulated expenditures for 2009 $2,050,000 0.1 $205,000 $3,000,000 $3,205,000 Weighted-average accumlated expenditures by the end of 2010 are:
January 1, 2010 $3,205,000 1 $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 $100,000 Total 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 $240,000 2009 Building $3,000,000 $6,000,000.00 0.08 $480,000 Capitlize 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
2009 2010 $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
(1)
Weighted-average accumlated expenditures by the end of 2009 are:
January 3, 2009 $1,000,000 12/12 $1,000,000
March 1, 2009 $600,000 10/12 $500,000
June 30, 2009 $800,000 6/12 $400,000
October 1, 2009 $600,000 3/12 $150,000 Capitalized Int. Total Expenditures
Average accumulated expenditures for 2009 $2,050,000 0.1 $205,000 $3,000,000 $3,205,000 Weighted-average accumlated expenditures by the end of 2010 are:
January 1, 2010 $3,205,000 1 $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 $100,000 Total 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 $240,000 2009 Building $3,000,000 $6,000,000.00 0.08 $480,000 Capitlize 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
2009 2010 $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