Construction on A Building on The Purchased Land Case Assignment
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Construction on A Building on The Purchased Land Case Assignment
On January 1, 2020, x began construction on a building on the purchased land. The construction was completed on December 31, 2040. Expenditures for construction were: $2,000,000 on January 1, $800,000 on April 1, $600,000 on June 1, $750,000 on September 1 and $600,000 on December 31. To pay for the construction, x borrowed $3,000,000 from a local bank on January 1. The $3,000,000 note represents a 10-year loan agreement with an annual interest rate of 7%. The only other loans that x has outstanding are the Note Payable and Bond Payable recorded on the trial balance (above). Record the January, April, June, September, and December construction expenditures separately. In a separate journal entry, record the new construction notes payable initiated on January 1. In addition, calculate the weighted average expenditures, avoidable interest and actual interest to determine the amount of interest that must be capitalized for the year. Assume that x\’s actual interest was paid on December 31, and make the journal entry to record the interest on that date.
For the building that began construction on January 1, 2020, the building will need to be decommissioned on January 1, 2020 for an expected cost of $3,000,000. x’s annual borrowing costs are 6% and the present value of $1 in 20 years is $0.3118. Record the entry related to the asset retirement obligation entries for both January 1 and December 31.
\r\nConstruction on A Building on The Purchased Land Case Assignment
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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Construction on A Building on The Purchased Land Case Assignment