Scribd Logo
Upload

Welcome to Scribd!

  • 59 views

    ACCT105 Quizzes and Solutions

    Uploaded by

    Away To Ponder
    The document contains information about capitalizable borrowing costs for the construction of a building. It details the timeline and amounts of construction expenditures and borrowings. It then calculates the capitalizable general borrowing costs as $880,000 and capitalizable specific borrowing costs as $2,320,000, for a total capitalizable borrowing cost of $3,200,000 that will be added to the $80 million construction cost for a total capitalized cost of the building of $83,200,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    ACCT105 Quizzes and Solutions

    Uploaded by

    Away To Ponder
    59 views8 pages
    The document contains information about capitalizable borrowing costs for the construction of a building. It details the timeline and amounts of construction expenditures and borrowings. It then calculates the capitalizable general borrowing costs as $880,000 and capitalizable specific borrowing costs as $2,320,000, for a total capitalizable borrowing cost of $3,200,000 that will be added to the $80 million construction cost for a total capitalized cost of the building of $83,200,000.

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document contains information about capitalizable borrowing costs for the construction of a building. It details the timeline and amounts of construction expenditures and borrowings. It then calculates the capitalizable general borrowing costs as $880,000 and capitalizable specific borrowing costs as $2,320,000, for a total capitalizable borrowing cost of $3,200,000 that will be added to the $80 million construction cost for a total capitalized cost of the building of $83,200,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    59 views8 pages

    ACCT105 Quizzes and Solutions

    Uploaded by

    Away To Ponder
    The document contains information about capitalizable borrowing costs for the construction of a building. It details the timeline and amounts of construction expenditures and borrowings. It then calculates the capitalizable general borrowing costs as $880,000 and capitalizable specific borrowing costs as $2,320,000, for a total capitalizable borrowing cost of $3,200,000 that will be added to the $80 million construction cost for a total capitalized cost of the building of $83,200,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 8

    ACCT105 Quiz 11 - Prelim

    *07/01/20 to 07/01/21 *4/10


    *07/01/21 to 07/01/22 *3/10
    *07/01/22 to 07/01/23 *2/10

    *2022 Depreciation Expense = (DA x 3/10 x 1/2) + (DA x 2/10 x 1/2)


    *2022 Depreciation Expense = (DA x 15%) + (DA x 10%)
    *2022 Depreciation Expense = (DA x 25%)
    *DA = 155,000/25% = 620,000

    1 Total Cost = 620,000 + 30,000 = 650,000


    2 620,000 x 4/10 x 1/2 = 124,000
    3 620,000 x 4/10 x 1/2 = 124,000
    620,000 x 3/10 x 1/2 = 93,000 217,000
    4 Cost 650,000
    A/D (124 + 217 + 155) (496,000)
    12/31/2022 Net Book Value 154,000
    ACCT105 Quiz 10 - Prelim

    *DD Rate = 1/5 x 2 = 40%


    *2019 Depreciation = 40% x 3/12 = 10% of CA
    *2020 Depreciation = 40% of CA
    *2021 Depreciation = 40% of CA
    *12/31/21 CA = 100% x 90% x 60% x 60% = 32.4%
    *12/31/21 A/D = 100% - 32.4% = 67.6%

    1 Total Cost = 662,480/67.6% = 980,000


    2 Residual Value = 980,000 x 3% = 29,400
    3 2019 Depreciation = 980,000 x 10% = 98,000
    4 2020 Depreciation = 980,000 x 90% x 40% = 352,800
    5 2021 Depreciation = 980,000 x 90% x 60% x 40% = 211,680
    ACCT105 Quiz 09 - Prelim

    DA = 550,000 - 22,960 527,040 3 527,040 x 8/36 x 7/12 68,320


    1 527,040/8 x (5/12) 27,450 527,040 x 7/36 x 5/12 42,700
    2 Cost 550,000 2021 Depreciation 111,020
    A/D:
    527,040 x 17/96 93,330 4 Cost 550,000
    CA, 12/31/21 456,670 A/D, 12/31/2021:
    527,040 x 8/36 117,120
    527,040 x 7/36 x 5/12 42,700 159,820
    CA, 12/31/2021 390,180
    ACCT105 Quiz 08 - Prelim
    1 9,087,000 x (25/325) 699,000
    SYD = (25*26)/2 = 325 2 9,087,000 x (24/325) 671,040
    2023 A/D = DA x [(25+24+23+22)/325] 3 9,087,000 x (23/325) 643,080
    2023 A/D = DA x (94/325) 4 9,087,000 x (22/325) 615,120
    DA = 2,628,240 x (325/94) 9,087,000 5 10,287,000 - 2,628,240 7,658,760
    Cost = 9,087,000 + 1,200,000 10,287,000 or
    (9,087,000 x 231/325) + 1,200,000
    ACCT105 Quiz 07 - Prelim

    1 73,260/5 14,652 3 73,260 x 5/15 x 4/12 8,140


    2 Cost 77,200 73,260 x 4/15 x 8/12 13,024
    A/D (73,260 x 20/60) 24,420 2021 Depreciation 21,164
    CA, 12/31/2022 52,780
    4 Cost 77,200
    AD can be computed also as: A/D, 12/31/2021:
    73,260/5 x 8/12, plus (2020 dep) 73,260 x 5/15 24,420
    73,260/5 (2021 dep) 73,260 x 4/15 x 8/12 13,024 37,444
    CA, 12/31/2021 39,756
    ACCT105 Quiz 06 - Prelim

    1 16,200,000/15 1,080,000 3 16.2m x (14/120) 1,890,000


    2 Cost 16,500,000 4 Cost 16,500,000
    A/D (1,080,000 x 3) (3,240,000) A/D (16.2m x 42/120) 5,670,000
    CA, 12/31/2022 13,260,000 CA, 12/31/2022 10,830,000
    *01/01 8,000,000 *12/12 8,000,000 Total Capitalizable Borrowing Cost
    *03/31 24,000,000 *09/12 18,000,000 Total Construction Cost
    *09/30 40,000,000 *03/12 10,000,000 Total Capitalized Cost of Building
    *12/31 8,000,000 -
    Ave. Acc. Exp. 36,000,000 Total Interest - General Borrowings
    Specific Borrowings 28,000,000 Capitalizable General Borrowing Cost
    Ave. Acc. Exp. Attributable to GB 8,000,000 Interest Expense
    Multiply to Capitalization Rate
    Pr Int
    40,000,000 5,000,000
    60,000,000 6,000,000
    100,000,000 11,000,000
    *11/100 11.00%
    Capitalizable General Borrowing Cost 880,000
    Capitalizable Specific Borrowing Cost
    *28m x 10% - 480,000 2,320,000
    Total Capitalizable Borrowing Cost 3,200,000
    talizable Borrowing Cost 3,200,000
    truction Cost 80,000,000
    talized Cost of Building 83,200,000

    est - General Borrowings 11,000,000


    ble General Borrowing Cost 880,000
    10,120,000

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy