case4133 - Land 1/1/09 1/2/2009 5/1/2009 11/1/2009 Total...

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Expenses Land 1/1/09 $200,000.00 1/2/2009 $400,000.00 5/1/2009 $600,000.00 11/1/2009 $500,000.00 Total for 2009 $1,700,000.00 3/1/2010 $700,000.00 9/1/2010 $400,000.00 12/31/2010 $500,000.00 Total for 2010 $1,600,000.00 Debt Specific 1000000 @ 12% General 500000 @ 10% 1000000 @ 8% Weighted cost of Debt 0.0867 Actual Interest 2009 $250,000.00 2010 $250,000.00
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Preferred Method No Limit 2009 Expenses Capitalization Period Interest Cost Interest Capitalized Land $200,000.00 1 yr 12% $24,000.00 1/2/2009 $400,000.00 1 yr 12% $48,000.00 5/1/2009 $400,000.00 8 months 12% $32,000.00 5/1/2009 $200,000.00 8 months 8.67% $11,560.00 11/1/2009 $500,000.00 2 months 8.67% $7,225.00 Total $1,700,000.00 $122,785.00 2010 Expenses Capitalization Period Interest Cost Interest Capitalized 1/1/2010 $1,000,000.00 1 yr 12% $120,000.00 $822,785.00 1yr 8.67% $71,335.46 3/1/2010 $677,215.00 10 months 8.67% $48,928.78 $240,264.24 Debt Exhausted 3/1/2010 $22,785.00 10 months 8.67% $1,646.22 9/1/2010 $400,000.00 4 months
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case4133 - Land 1/1/09 1/2/2009 5/1/2009 11/1/2009 Total...

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