On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The finished and ready for use on September 30, 2019. Expenditures on the project w January 1, 2018 September 1, 2018 December 31, 2018 $340,000 $510,000 $510,000 March 31, 2019 $510,000

Individual Income Taxes
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ISBN:9780357109731
Author:Hoffman
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Chapter7: Deductions And Losses: Certain Business Expenses And Losses
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On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was
finished and ready for use on September 30, 2019. Expenditures on the project were as follows:
January 1, 2018
September 1, 2018
December 31, 2018
$340,000
$510, 000
$510,000
$510,000
$340,000
March 31, 2019
September 3e, 2019
Dreamworld had $7,000,000 in 14% bonds outstanding through both years.
Dreamworld's average accumulated expenditures for 2018 was:
Transcribed Image Text:On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 September 1, 2018 December 31, 2018 $340,000 $510, 000 $510,000 $510,000 $340,000 March 31, 2019 September 3e, 2019 Dreamworld had $7,000,000 in 14% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was:
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