Blue Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $10,000,000 on January 1, 2020. Blue expected to complete the building by December 31,2020 . Blue has the following debt obligations outstanding during the construction period. Assume that Blue completed the office and warehouse building on December 31,2020 , as planned at a total cost of $10,400,000, and the weighted-average amount of accumulated expenditures was $7,200,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.g. 7.58% for computational purposes and round final answers to 0 decimal places, e.g. 5,275.) Avoidable Interest eTextbook and Media Compute the depreciation expense for the year ended December 31, 2021. Blue elected to depreciate the building on a straightline basis and determined that the asset has a useful life of 30 years and a salvage value of $600,000. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation Expense $