[kinji]

Can someone help me with these MCQs please? Please explain to me how you got the answer too please, it’d be appreciated, thank you!

Spring borrowed $500,000 on a construction loan at 6% interest
rate on January 1, 2017. The loan was outstanding throughout
the construction period. During 2017, the company had $300,000
in 5% bonds and $700,000 in 7% notes outstanding. Spring’s
capitalized interest in 2017 using the speci􀃑c interest method
was:

$67,200.
$69,680.
$78,960.
$88,880.

Hart Inc. exchanged a used machine with a book value of $48,000
and a fair value of $60,000 for a used machine. At the same time,
Hart also received $10,000 cash in the exchange. The exchange has
commercial substance. At what amount should Hart record the
machine received?

$70,000.
$60,000.
$58,000.

Hart Inc. exchanged a used machine with a book value of $48,000
and a fair value of $60,000 for a used machine. At the same time,
Hart also received $10,000 cash in the exchange. The exchange lacks
commercial substance. At what amount should Hart record the
machine received?

$36,000.
$40,000.
$45,000.
$48,000.