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please provide the correct answer Tamarisk Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost

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Tamarisk Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $4,500,000 on January 1,2020. Tamarisk expected to complete the building by December 31,2020 . Tamarisk has the following debt obligations outstanding during the construction period. Construction loan-12\% interest, payable semiannually, issued December 31,2019 Short-term loan-10\% interest, payable monthly, and principal payable at maturity on May 30,2021 1,350,000 Long-term loan-11\% interest, payable on January 1 of each year. Principal payable on January 1, 2024 900,000 Assume that Tamarisk completed the office and warehouse building on December 31, 2020, as planned at a total cost of $4,680,000, and the weighted-average amount of accumulated expenditures was $3,240,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.3. 7.58\% for computational purposes and round final answers to 0 decimal places, e.g. 5,275.) Avoidable Interest Compute the depreciation expense for the year ended December 31, 2021. 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 $270,000. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation Expense

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