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Accounting

Old MathJax webview

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On June 1, 2020, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2021. Expenditures on the project were as follows ($ In millions): 78 46 54 July 1, 2020 October 1, 2020 February 1, 2021 April 1, 2021 September 1, 2021 October 1, 2021 33 32 18 On July 1, 2020. Crocus obtained a $106 million construction loan with a 8% Interest rate. The loan was outstanding through the end of October, 2021. The company's only other Interest-bearing debt was a long-term note for $100 million with an Interest rate of 10%. This note was outstanding during all of 2020 and 2021. The company's fiscal year-end Is December 31. In computing the capitalized Interest for 2021. Crocus' average accumulated expenditures are: Multiple Cholce $130.00 million $187.23 million $205.99 million. 5207.94 million

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