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 | $ | 328,000 | |
September 1, 2018 | $ | 486,000 | |
December 31, 2018 | $ | 486,000 | |
March 31, 2019 | $ | 486,000 | |
September 30, 2019 | $ | 328,000 | |
Dreamworld had $6,200,000 in 12% bonds outstanding through both
years.
What was the final cost of Dreamworld's warehouse?
Get Answers For Free
Most questions answered within 1 hours.