I need help with part B, please show work and explain!!

FULL SCREEN NEXT CALCULATOR PRINTER VEaso a4CK OURCES Exercise 10-7 (Part Level Submission) Waterway Furniture Company started construction of a combination office and warehouse building for ts own use at an etimated cost of 4,953,300 on January 1, 2017. Waterway expected to complete the bulding by December 31, 2017. Waterway has the fellowing debe obigations outstanding duning the construction period Construction loan-12 % interest, payable semiannually, issued December 31, 2016 Short-term lean-10% interest, payable morthly, and principal payable at maturity on May 30, 2018 $2.015.500 1409.200 Long-term loan-11% interest, payable on January 1 of each year. Principal pavable on January 1, 2021 990.400 v (a) Your answer is correct. Assume that Waterway completed the office and warehouse building on December 31, 2017, as planned at a total cost of $5,173,700, and the weighted-average amount of acoumulated expenditures was $3.830.300, Compute the avoidable interest on this protect (Use interest rates rounded to 2 decimal places, ee 7.58% for computational purposes and round final answers to 0 decimal places, e.g. 5,275.) Ftudy Avoidable Interests 430236 sHOW SOLUTmowe sow ANSWERS UNK TO TEXT Attempts: 2 of 4 used (b) Open Assignment ULL SCREEN CALCULATOe PRINTER VERSTON eBACK aecimar piaces, e g 275. TRESOURCES Avoidable Interest 430236 cise 10-2 ce 10-3 che 104 cse 10-5 cne 10-8 cne 10-9 che 10-15 20-3 0-7 (Par mission SHOW sOLUTmON SHOW ANSWED LINE TO TEKT Attempts: 2 of 4 used 0-11 013 o-10 0-19 v(b) Your answer is incorrect Try again Compute the deprecianion enee for the year ended December 31, 2018, waterway elected to depreciate the building on a straight-ine basis and determined that the asset has a useful tife of 30 years and a salvege valie of $297,500 (Round answer to 0 decimal places, e.g. S,275.) lts by Study Depredation Expense iss193 LINE TO TEXT Attempts: 2 of 4 used SAVE FOR LATER SUBHIT ANSWER mnt ovacy Poisy 2000-2019 John Woey&Son, toc. ARights Reserved, A Divson of Juhn Wey & Sons fos