Assume that Kingbird completed the facility on December 31, 2017, at a total cost of $12,360,000, and the weighted-average amount of accumulated expenditures was $8,160,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.g. 7.58% and round final answer to 0 decimal places, e.g. 5,275.)

Avoidable Interest

$enter the avoidable interest in dollars

Attempts: 2 of 2 used

(b)

Compute the depreciation expense for the year ended December 31, 2018. Kingbird estimated the facilitys useful life to be 25 years with a salvage value of $1,200,000. Kingbird elected to depreciate the facility on a straight-line basis.

Depreciation Expense