Reference no: EM131812435
Problem 1
During 2017, Barden Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2017 were $8,918,000. The company had the following debt outstanding at December 31, 2017:
1. |
10%, 5-year note to finance construction of various assets, dated January 1, 2017, with interest payable annually on January 1 |
$5,308,000 |
2. |
12%, ten-year bonds issued at par on December 31, 2011, with interest payable annually on December 31 |
5,830,000 |
3. |
9%, 3-year note payable, dated January 1, 2016, with interest payable annually on January 1 |
2,915,000
|
I caluculated weighted average interest by using 1, 2, and 3. But the anwer says 1 is specific loan.
How can I tell 1 is spefic loan and different from 2 and 3.
Problem 2: A machine cost $900,000 on April 1, 2017. Its estimated salvage value is $90,000 and its expected life is eight years.
Calculate the depreciation expense by straight-line for 2017.
Depreciation expense... 75,938
Calculate the depreciation expense by double-declining balance for 2018
Depreciation expense... 182, 813
Calculate the depreciation expense by sum-of-the-years'-digits for 2018
Depreciation expense...163,125
Which method would result in the smallest income amount for 2018?
How much goodwill impairment should pritchett report
: How much goodwill impairment should Pritchett report for 2013?
|
Explain the components of parent effectiveness training
: Explain the basic premise and components of Parent Effectiveness Training.Why is this strategy considered to be effective in working with at-risk youth?
|
Compare each charge account number from the file
: Compare each charge account number from the file, possible valid numbers, to see if it is listed as a valid number in the file valid_numbers.txt.
|
Discuss cost of goods sold and expenses
: Vertical analysis (common size) percentages for Kochheim Company's sales, cost of goods sold, and expenses
|
Calculate the depreciation expense by straight-line
: A machine cost $900,000 on April 1, 2017. Its estimated salvage value is $90,000 and its expected life is eight years. Calculate the depreciation expense
|
Discuss personal safety as a real estate agent
: Why is it important to become well versed concerning possible threats and the most effective preventative measures?
|
What questions a social scientist might ask
: What questions a social scientist might ask? Choose a topic of interest to you-cars/transportation, social media, marriage, or work.
|
Consider the role of family preservation in child welfare
: Consider the role of family preservation in child welfare, the research regarding family preservation, and the assumptions about foster care.
|
Prepare a production budget for the month
: Required: Prepare a production budget for the month of April 30, 2017.
|