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part b please! WindsorFurniture Company.started construction of a combination office and warehouse building for its own use at an estimated cost of $8,500,000 on January
part b please!
WindsorFurniture Company.started construction of a combination office and warehouse building for its own use at an estimated cost of $8,500,000 on January 1,2020. Windsor expected to complete the building by December 31,2020 . Windsor has the following debt obligations outstanding during the construction period. (a) Assume that Windsor completed the office and warehouse building on December 31, 2020, as planned at a total cost of $8,840,000, and the weighted-average amount of accumulated expenditures was $6,120,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal ploces, es. 7.58\% for computational purposes and round final answers to 0 decimal ploces, e.8.5, 275.) Avoidable interest s Compute the depreciation expense for the year ended December 31, 2021. Windsor 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 $510,000. (Round onswer to 0 decimal places, es. 5,275.) Depreciation Expense Step by Step Solution
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