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During 2019, Kamal Co. incurred average accumulated expenditures of $600,000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2019 was a $900,000, 10%, 5-year note payable dated January 1, 2017. What is the amount of interest that should be capitalized by Kamal Co. during 2019? Select one: a. So O b. $10,000 c. $60,000 O d. $90,000 Zero Washington Company purchased equipment for $30,000. Sales tax on the purchase was $500. Other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225. What is the cost of the equipment? Select one: a. $30,500 b. $30,925 e. $30,000 d. None of the above e. $31.275 Lolwa Company traded machinery with a book value of C190,000 and a fair value of 180,000. It received in exchange from Fajer Company a machine with a fair value of 200,000. Lolwa also paid cash of 20,000 in the exchange. Fajer's machine has a book value of 1900,000. What amount of gain or loss should Lolwa recognize on the exchange? Select one: a. 10,000 loss b. C20,000 gain c. -0- d. 1,000 loss Guard Company is constructing a building. Construction began in 2019 and the building was completed 12/31/19. Gutierrez made payments to the construction company of $1.900,000 on July 1". $4.500,000 on Sep. 1., and $3,000,000 on Dec. 31" Average accumulated expenditures were Select one: $2,291,667. 1. $6,400,000 $2.450,000 d. $9.400,000 Finish attempt o BE

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