On January 1, 2021. Silver Inc. began construction of a new warehouse for its own use. The warehouse was completed at the end of 2021. Expenditures on the project in 2021 were as follows: anuary 1, 2021 July 1, 2021 800.000 December 31, 2021 100 000 Silver borrowed $500,000 on a construction loan at 5% interest rate on January 1, 2021. The loan was outstanding throughout the construction period. During 2021, the company had $400,000 in 4% bonds and $600,000 in 8% notes outstanding. Assuming applying for the specific interest method, the warehouse should be capitalized at: QUESTION 9 On December 1, 2021. Household Solutions issued a $10 million of commercial paper on a nine month note. Interest was discounted at issuance at an 8% discount rate What is the effective interest rate on the commercial paper? QUESTION 6 At the beginning of 2019. Quantum Technology acquired a manufacturing facility for $12 million, 511 million of the purchase price was allocated to the building Depreciation for 2019 and 2020 was calculated using the straight-line method. a 20year useful life, and a $1 milion residual value. In 2021. the estimates of useful life and residual value were changed to 25 total years and $340,000. respectively. What is depreciation on the building for 2021