9. Create a PivotTable and complete the following fixed asset schedule. Future Electronics will include the schedule in the notes to itsfinancial statements for fiscal 2020. (Express every number as a pistive number.)a pristivBuildingsEquipmentFurnitureLandLandImprovementsTotalcesCostAt January 1, 202015,316,2004,457,78518,967,2249,872,050Additions5,888,9101,601,51014,369,2702,361,3507,820,6402,041,93056,433,89926,262,970Disposal000000At December 31, 202021,205,1106,059,29533,336,49412,233,4009,862,57082,696,869Accumulated DepreciationAt January 1, 2020465,268798,8793,421,627Depreciation expenseDisposal0At December 31, 2020465,268798,879Carrying AmountAt January 1, 202014,850,9323,658,90615,545,5979,872,0505,735,7210000003,421,62701,049,9475,735,7216,770,69350,698,1782,961,13201,049,947At December 31, 2020

Depreciation is an accounting method where the value of the asset is reduced over a period of time.…

9. Create a PivotTable and complete the following fixed asset schedule. Future Electronics will include the schedule in the notes to its financial statements for fiscal 2020. (Express every number as a pistive number.) Buildings Equipment Furniture Land Land Improvements Total Cost At January 1, 2020 15,316,200 4,457,785 Additions 5,888,910 1,601,510 18,967,224 14,369,270 9,872,050 7,820,640 56,433,899 2,361,350 2,041,930 26,262,970 Disposal 0 0 0 0 0 0 At December 31, 2020 21,205,110 6,059,295 33,336,494 12,233,400 9,862,570 82,696,869 Accumulated Depreciation At January 1, 2020 465,268 798,879 3,421,627 0 1,049,947 5,735,721 0 Depreciation expense Disposal 0 0 0 0 0 0 At December 31, 2020 465,268 798,879 3,421,627 0 1,049,947 5,735,721 Carrying Amount At January 1, 2020 14,850,932 3,658,906 15,545,597 9,872,050 6,770,693 50,698,178 2,961,132 At December 31, 2020

9. Create a PivotTable and complete the following fixed asset schedule. Future Electronics will include the schedule in the notes to its financial statements for fiscal 2020. (Express every number as a pistive number.) Buildings Equipment Furniture Land Land Improvements Total Cost At January 1, 2020 15,316,200 4,457,785 Additions 5,888,910 1,601,510 18,967,224 14,369,270 9,872,050 7,820,640 56,433,899 2,361,350 2,041,930 26,262,970 Disposal 0 0 0 0 0 0 At December 31, 2020 21,205,110 6,059,295 33,336,494 12,233,400 9,862,570 82,696,869 Accumulated Depreciation At January 1, 2020 465,268 798,879 3,421,627 0 1,049,947 5,735,721 0 Depreciation expense Disposal 0 0 0 0 0 0 At December 31, 2020 465,268 798,879 3,421,627 0 1,049,947 5,735,721 Carrying Amount At January 1, 2020 14,850,932 3,658,906 15,545,597 9,872,050 6,770,693 50,698,178 2,961,132 At December 31, 2020

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On January 1, 2024, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2025. Expenditures on the project were as follows: January 1, 2024 March 1, 2024 June 30, 2024 October 1, 2024 January 31, 2025 April 30, 2025 August 31, 2025 $1,000,000 600,000 800,000 600,000 270,000 585,000 900,000 On January 1, 2024, the company obtained a $3 million construction loan with a 10% interest rate. The loan was outstanding all of 2024 and 2025. The company's other interest-bearing debt included two long-term notes of $4,000,000 and $6,000,000 with interest rates of 6% and 8%, respectively. Both notes were outstanding during all of 2024 and 2025. Interest is paid annually on all debt. The company's fiscal year-end is December 31. 4. Compute the cost to be allocated to the building in 2025 other than Capitalized Interest, Show your computation in the workpaper provided. 4. 1/31/2025 4/30/2025 8/31/2025…
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