two firms build identical building with identical costs over the same 2-year period. Firm A pays for the $1 million cost of construction with general cash flow, but has two outstanding debentures, one for $1 million at 8 percent and one at $1 million for 6 percent. Firm B borrows the $1 million to fund construction at a cost of 12 percent. when the buldings are completed (at the end of two year), at what cost will the firms report the building on their balance sheets.

answer    firm a 1,140,000         firm b  $1,240,000

不知道怎么算，望解。 谢谢

 firm b的建筑成本是$1 million 加上两年的利息费用（建筑期间相关的建筑成本的利息费用应该资本化）

对于A公司，首先计算outstanding debentures, one for $1 million at 8 percent and one at $1 million for 6 percent的加权利息是7％，然后1 million ＋1 million ×7％×2＝1,140,000        

[此贴子已经被作者于2007-5-16 15:17:32编辑过]