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Question 3 On May 1, 2015, Goodman Company began construction of a building. Expenditures of $120,000 were incurred monthly for 5 months beginning on May 1. The building was completed and ready for occupancy on September 1, 2015. For the purpose of determining the amount of interest cost to be capitalized, the average accumulated expenditures on the building during 2015 were O $100,000 O $120,000 O $400,000 O $600,000 SUBMIT ANSWER SAVE FOR LATER nuntion attempts o of 1 used Question 4 On March 1, 2015, Newton Company purchased land for an office site by paying $540,000 cash. Newton began construction on the office building on March 1. The following expenditures were incurred for construction: Experts March 1, 2015 $360,000 Mari 2015 504,000 webe. 900.000 June 1, 2015 1.440,000 The was completed and ready for occupancy on July 1. To help pay for construction, $720,000 was borrowed on March 1, 2015 on a 9%, 3-year note payable. Other than the construction not the only debt outstanding during 2015 was a $300,000, 12%, 6-year note payable dated January 1, 2015. The weighted- weg sccumulated expenses on the construction project during 2015 were Study 4695,000 O $14,000 2,934.000 $312.000 Question 2 OwSoury 1, 2000, Forbes Company purchased equipment at a cost of $50,000. The equipment was estimated to have a residual value of $5,000 and it is being deprecated over eight years under the sum of the years.digits method. What should be the charge for depreciation of this equipment for the year ended December 31 $1,250 O $1,309 $2.500 5,625 Question 1 Wilson Corporation purchased a depreciable asset for $300,000 on January 1, 2012. The estimated residual value is $30,000, and the estimated useful le is 9 years. The straight line method is used for deprecation. In 2015, Williamson changed its estimates to a total useful life of 5 years with a salvage value of $50,000. What is 2015 depreciation expense? 390,000 $50,000 O $80,000 $30,000

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