Marin Industries Inc. started construction of a manufacturing facility for its own use at an estimated cost of $12,400,000 on January 1.2017. Marin expected to complete the building by December 31, 2017. Marin's debt, all of which was outstanding during the construction period, was as follows. Construction loan-11% interest, payable semiannually, issued December 31, 2016; 56,200,000 Long-term loan #1 - 10% interest, payable on January 1 of each year Principal payable on January 1, 2019:51,860,000 Long-term loan 12-12% Interest, payable on December 31 of each year. Principal payable on December 31, 2025; $4.340,000 . . Assume that Marin completed the facility on December 31, 2017, at a total cost of $12.772,000, and the weighted average amount of accumulated expenditures was $8,432,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, es 7.58% and round final answer to O decimal places... 5.275) Avoidable Interest $ Compute the depreciation expense for the year ended December 31, 2018. Marin estimated the facility's useful life to be 25 years with a salvape value of $1.240,000. Marin elected to depreciate the facility on a straight-line basis Depreciation Expense $