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Crane Company constructed a building at a cost of $13500000. Weighted average accumulated expenditures were $5500000, actual interest was $550000, and avoidable interest was $270000.
Crane Company constructed a building at a cost of $13500000. Weighted average accumulated expenditures were $5500000, actual interest was $550000, and avoidable interest was $270000. If the salvage value is $1060000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is $317750. $324500. $344250. O $455250
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