1. the capitalized cost of the building on December 31,2021 should be 2. the amount of borrowing costs to be reported as expenses in 2021 should be
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1. the capitalized cost of the building on December 31,2021 should be
2. the amount of borrowing costs to be reported as expenses in 2021 should be
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- How about these other questions? 4.Using the same information above, how much is the balance of the Construction in Progress at December 31, 2020? 5. Using the same information above, how much is the income to be recognized in 2020?Requirements: - Compute the capitalizable borrowing cost on 2020 - Compute the total cost of the building on 2020 - Compute the interest expense on 20201. Assuming the investment is appropriately recognized as financial assets at amortized cost: What is the carrying value of the investment on December 31, 2020? 2. Assuming the investment is appropriately recognized as financial assets at amortized cost: Determine the gain or (loss) to be recorded upon the sale of the investment. 3. Assuming the investment is appropriately recognized as financial assets at amortized cost: How much interest income is to be recognized in 2021?
- 1. Compute the cost of the new building on December 31, 2021 and June 30, 2022. 2. Compute the interest expense for 2021 and 2022(a) What is the weighted average of accumulated expenditures? (b) What is the avoidable interest for the building in 2018?How much is the correct total expense related to the intangibles for 2020? What is the correct carrying value of the intangibles on December 31, 2020?
- 1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2021?2. How much interest expense on this note will Montgomery recognize in 2021?(For all requirements, Round your final answers to nearest whole dollar amountWhat is the loss on repayment of the grant on January 1, 2022? What is the depreciation of the equipment for the year 2020?How much should PINK report as current assets on December 31, 2021?
- Help me to answer the requirements with supporting computations 1. How much amortization expense should be reported in the 2019 income statement? 2. How much amortization expense should be reported in the 2020 income statement?1. On October 1, 2020, how much should TRUE recognize as gain or loss on extinguishment? 2. How much should TRUE recognize as interest expense for the year ended, December 31, 2021?From the following data, indicate the effect that the changes in the relevant items will have on the working capital:ParticularsJan 1, 2020Dec 31, 2020ParticularsJan 1, 2020Dec 31, 2020 Land4400068000Goodwill1300013000 Debentures2000025000Prepaid Expenses70300 Stock3000028000Bills Payable1500900 Machinery180000180000Bills Receivable30002000 Trade Creditors80005320Mortgaged Loan5000040000 Cash290009000Equity Share Capital100000120000 Long Term Investments100006250Preference Share Capital12000075000 Accrued Expenses350160Trade Debtors1900020000 Short-term Debt32205170 Your answer must indicate the overall and individual effect of changes in relevant items.
