Nov4 - capitalized interest 310,000 Michael McCormick ACG...

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Michael McCormick ACG 3103 E10-17 Busy town Equipment (new) 425 Accumulated Depreciation-Old 140    Equipment (old) 290    Gain  65    Cash 340 Dick Tracy  cash 340 Machine (old) 85    COGS 270 machine (new) 270    Sale 425 E10-20 a Equipment (new)  56,900  Accumulated Deprecation  20,000  gain on disposal  5,800     Equipment (old)  62,000     cash  9,100  b Equipment (new)  51,100  Accumulated Deprecation  20,000     Equipment (old)  62,000     Cash  9,100      P10-5 a 9/30/2007 Land  714,000     purchase price  600,000     commission  36,000     legal fee  6,000     title guarantee  18,000     razed building  54,000  b Building  3,413,000     construction cost  3,000,000     specifications  21,000     architects  82,000 
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Unformatted text preview: capitalized interest 310,000 Michael McCormick ACG 3103 P10-9 a Arna Inc Assets (new) 75,000 Accumulated Depreciation (old) 45,000 Gain on disposal of asset 9,000 Assets (old) 96,000 Cash 15,000 Bontemps Assets (new) 60,000 Cash 15,000 Accumulated Depreciation (old) 52,000 Gain on disposal of asset 17,000 Assets (old) 110,000 b Arna Inc Assets (new) 66000 Accumulated Depreciation (old) 45000 Assets (old) 96000 Cash 15000 Bontemps Inc Assets (new) 46400 Cash 15000 Accumulated Depreciation (old) 52000 Assets 110000 Gain on disposal of asset 3400...
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This note was uploaded on 07/04/2011 for the course ACG 101 taught by Professor Burnett during the Spring '09 term at Edison State College.

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Nov4 - capitalized interest 310,000 Michael McCormick ACG...

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