Intermediate Accounting Chapter 10 Exercise and Brief Exercises

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CHAPTER 10 SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 10-1 $27,000 + $1,400 + $10,200 = $38,600 BRIEF EXERCISE 10-2 |Expenditures | | | | | | | | | |Capitalization Period | |Weighted-Average Accumulated Expenditures | |Date | |Amount | | | | | |3/1 | |$1,800,000 | |10/12 | |$1,500,000 | |6/1…show more content…
| | | | | |$315,000 | BRIEF EXERCISE 10-7 |Land (2,000 X $40) |80,000 | | | Common Stock (2,000 X $10) | |20,000 | | Paid-in Capital in Excess of Par | |60,000 | | | | | BRIEF EXERCISE 10-8 |Computer |3,300 | | |Accumulated Depreciation |18,000 | | | Truck | |20,000 | | Cash | |500 | | Gain on Disposal of Truck

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