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please show steps, thank you! Harrisburg furniture Company started construction of a combination office and warehouse building for itsown use at anestimated cost of 55,000,000

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Harrisburg furniture Company started construction of a combination office and warehouse building for itsown use at anestimated cost of 55,000,000 on January 1, 2025, Harrisburg expected to complete the bulliling by December 31, 2025. Harrisburg has the following debt obligations outstanding during the construction period. Compute the depreciation expense for the year ended December 31, 2026. Harrisburg 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 $300,000, (Round onswer to 0 decimal places, e. 5.275. Depreciation expense

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