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Compute bramble weighted-average accumulated expenditures

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Bramble Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,896,000 on March 1, $1,296,000 on June 1, and $3,041,880 on December 31. Compute Bramble's weighted-average accumulated expenditures for interest capitalization purposes.

Weighted-Average  Accumulated Expenditures

Point 1: Grouper Company traded a used welding machine (cost $9,720, accumulated depreciation $3,240) for office equipment with an estimated fair value of $5,400. Grouper also paid $3,240 cash in the transaction.

Question 1: Prepare the journal entry to record the exchange. (The exchange has commercial substance.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132481232

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