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need help with b pls show work Tamarisk Furniture Company started construction of a combination office and warehouse building for its own use at an
need help with b pls show work
Tamarisk Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $10,500,000 on January 1, 2025. Tamarisk expected to complete the building by December 31, 2025. Tamarisk has the following debt obligations outstanding during the construction period. (a) Assume that Tamarisk completed the office and warehouse building on December 31, 2025, as planned. at a total cost of $10,920,000. and the weighted-average amount of accumulated expenditures was $7,560,000. Compute the avoidable interest on this prolect. (Use interest rates rounded to 2 decimal places, e.8. 7.58% for computational purposes and round final antwers to 0 decimal places, es, 5,275.) Avoidable interest Compute the depreciation expense for the year ended December 31, 2026. Tamarisk 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 $630,000, (Round answer to 0 decimal places, es. 5,275. Depreciation expense $ Step by Step Solution
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