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Marigold Furniture Company started construction of a combination office and warehouse buikling for its own use at an estimated cost of $11,500,000 on January 1,2020.

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Marigold Furniture Company started construction of a combination office and warehouse buikling for its own use at an estimated cost of \$11,500,000 on January 1,2020. Marigold expected to complete the building by December 31, 2020. Marigold has the following debt obligations outstanding during the construction period. Assume that Marigold completed the office and warehouse building on December 31, 2020, as planned at a total cost of $11,960,000, and the weighted-average amount of accumulated expenditures was $8,280,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal ploces, es. 7.58% for computational purposes and round final ancwers to 0 decimal ploces, es, 5,275. Avoidable interest 5 Compute the depreclation expense for the year ended December 31, 2021. Marigold elected to depreciate the building on a straight-line bskis and determined that the asset has a useful life of 30 years and a salvage value of 5690000 . (Round anower to 0 decimal ploces, es.5,275

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