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View Police Current Attempt in Progress On Ay 31, 2022. Shamrock Company engaged Duval Toeling Company to construct a special purpose plece of factory mary Construction began immediately and was completed on November 1, 2022 To help france construction on July 31 $424.000 year, 12% note payable at Wellington National Bank on which interest is payable each July 31, On July 31, 1310,000 the proceeds of the note was paid to Duval. The remainder of the proceeds was temporary invested in short term securities (trading securities) at 9% until November 1. On November 1, Shamrock made a final $106.000 payment to Duval (a) Calculate the interest expense, interest revenue and total borrowing interest expense Total borrowing cont List of Accounts S eTextbook and Media Sew for Later S wized during 2022 Amamphy: 0 of 3 used (b) The parts of this question must be completed in order This part will be available when the pa Ga Ove Qu Q 12

Show Attempt History Vaughn Furniture started construction of a combination office and warehouse building for its own use at an estimated cost of €4,380,000 on January 1, 2022. Vaughn expected to complete the building by December 31, 2022. Vaughn has the following debt obligations outstanding during the construction period. Construction loan-14% interest, payable semiannually, issued December 31, 2021 Short-term loan-12% interest, payable monthly, and principal payable at maturity on May 30, 2023 Long-term loan-13% interest, payable on January 1 of each year. Principal payable on January 1, 2026 (a) x Your answer is incorrect. Borrowing costs € €1,790,000 2121925 1,432,000 Assume that Vaughn completed the office and warehouse building on December 31, 2022, as planned at a total cost of €4,654,000. The following expenditures were made during the period forthis project: January 1, €895,000; April 1, €1,295,000: July 1, €1,695,000, and October 1, €560,000. Excess funds from the construction loans were invested during the period and earned €19,800 of investment income. Compute the amount of borrowing costs to be capitalized for this project. (Use Interest rates rounded to 2 decimal places, eg. 7.58% for computational purposes and round final answers to 0 decimal places, eg 5,275) 895,000

(b) x Your answer is incorrect. Compute the depreciation expense for the year ended December 31, 2023. Vaughn elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a residual value of €297,000. (Round answer to 0 decimal places, eg. 5,275.) Depreciation Expense € eTextbook and Media 342556 DIY Attempts: 3 of 3 used Q Q Au & Qu 19 Act Que AND