Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Jul 2017 My Price 11.00

Jennifer Cosmetics

Jennifer Cosmetics wants to construct a new building. It has two building options, as follows:
a. Hire a contractor to do all the work. Jennifer has a bid of $850,000 from a reputable contractor to complete the project.
b. Construct the building itself by taking out a construction loan of $800,000. Using this alternative, Jennifer believes materials and labor will cost $800,000, and interest on the construction loan will be calculated as follows:
$200,000 @ 12% for 9 months
$300,000 @ 12% for 6 months
$200,000 @ 12% for 3 months
Required:
1. What will be the recorded cost of the building under each alternative?
2. Assuming the building is depreciated over a 20-year period using straight-line depreciation with no salvage value, how much is the annual depreciation expense under each alternative? $100,000 @ 12% for 1 month

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 11:07 AM My Price 11.00

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