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: Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- What was the final cost of Dreamworld's warehouse?

Question

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:  Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- What was the final cost of Dreamworld's warehouse?

Quizplus · Accepted Answer

11ea937b_361d_e22b_a419_172934ca2e70_TB2599_00 $450,000 × 12% = $54,000 11ea937b_361d_e22c_a419_e1f2fda46aac_TB2599_00 11ea937b_361e_093d_a419_25bec2d33db9_TB2599_00