On January 1 of the current year, a company began construction of an office building to be used as its corporate headquarters. The building was completed early in the following year, Construction expenditures for the current year, which were incurred evenly throughout the year, totaled $6,900,000. The company had the following debt obligations which were outstanding during all of the current year: Required: Calculate the omount of interest capitalized in the current year for the building using the specific interest method. On January 1. Year 1, a company purchased a delivery vehicle for $53,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $2,000. Duting the five-year period, the company expects to drive the vehicle 171,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 2. Double-declining balance Note: Round your answers to the nearest whole dollor amount