Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,300 2019, $3,200 2020, $2,830 2021, $1,430 On December 31, 2018, the total long term liabilities will be $_____

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A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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A: As per IAS 23 (Borrowing costs )  An entity need to capitalize borrowing costs (Interest and other…

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A:

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A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

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A: Formula: Interest amount = Notes amount x Interest rate x Time period

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A: Introduction: Current liabilities: The phrase current liabilities refers to a company's short-term…

Q: intermediate accounting

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Q: How much borrowing cost shall be capitalized?

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A: Effective Interest Rate: It is the rate of interest on a loan or any other financial product which…

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A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

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A: answer for above requirement are as follows

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A:

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A: Introduction

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A: Interest expense = Face value of notes x rate of interest x no. of months / 12

Q: Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the…

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A: Workings: Present value formula:  PV = 1 / ( 1 + r )N

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Q: The following events occurred during the year ended 30 June 2020 for Electrical Limited. On 1 June…

A: As per your request we are answering from Question number 04 to 06.

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A: Presents value represents the current value of the amount of money.