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ONLY ANSWER QUESTION2 AND THE ANSWER IS NOT 109667!!! Swifty Furniture Company started construction of a combination office and warehouse building for its own use
ONLY ANSWER QUESTION2 AND THE ANSWER IS NOT 109667!!!
Swifty Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $3,500,000 on January 1,2025. Swifty expected to complete the building by December 31,2025 . Swifty has the following debtobligations outstanding during the construction period. Your answer is correct. Assume that Swifty completed the office and warehouse building on December 31,2025 , as planned, at a total cost of $3,640,000. and the weighted-average amount of accumulated expenditures was $2.520.000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, eg. 7.58% for computational purposes and round final answers to 0 declmat places, es. 5,275.) Avoidable interest Compute the depreciation expense for the year ended December 31, 2026. Swifty elected to depreciate the building on a stratght-the basls and determined that the asset has a usefut fife of 30 years and a salvage value of $210,000. Reeund answer to 0 decimal places, es. 5.275.) Depreciation expense $ Step by Step Solution
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