Current Attempt in Progress Nash Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $9,500,000 on January 1, 2020. Nash expected to complete the building by December 31, 2020. Nash has the following debt obligations outstanding during the construction period. Construction loan-12% interest, payable semiannually, issued December 31, 2019 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2021 Long-term loan 11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 $3,800,000 2,660,000 1,900,000 Your answer is incorrect. Assume that Nash completed the office and warehouse building on December 31, 2020, as planned at a total cost of $9.880,000, and the weighted- average amount of accumulated expenditures was $6,840,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, s.7.58% for computational purposes and round final answers to decimal places, eg. 5,275.) Avoidable Interests e Textbook and Media Assistance Used Your answer is incorrect. Compute the depreciation expense for the year ended December 31, 2021. Nas elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $570,000. (Round answer to o decimal places . 5.275 Depreciation Expenses