On January 1, 2017 Randy Company began On January 1, 2017. Randy Company...
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Accounting
On January 1, 2017 Randy Company began
On January 1, 2017. Randy Company began construction of a new GEM. The GEM was finished and ready for use on 12/31/2017. Expenditures were: January 1, 2017 April 1, September 1, December 31, $400,000 $450,000 $300,000 $450,000 Randy Company had $5,500,000, 15% in note payable. 1) What are the weighted-average accumulated expenditures? 2) What is the avoidable interest for Randy Company? 3) What is the actual interest for Randy Company? 4) What amount of interest should be charged to expense? 5) What is the total cost of the project for Randy Company
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