QueSLIUI 2 View Policies Current Attempt in Progress Wildhorse Furniture Company started construction of a combination office and warehouse building for its own use an estimated cost of $11.500,000 on January 1.2020Wildhorse expected to complete the building by December 31, 2020. Wildhorse has the following debt obligations outstanding during the construction period Construction loan-12interest, payable semiannually. Issued December 31, 2019 Short termo-10% interest. payable monthly and principal payable at maturity on May 30 2021 Long term loan 11% interest. payable on January 1 of each year, Principal payable on January 1, 2024 $4,600,000 3.220.000 2,300.000 Asume that Wildhorse completed the office and warehouse building on December 31, 2020. planned at a total cost of $11.950,000 and the weighted average amount of accumulated expenditures was 58.280.000. Compute the avoidab erest on this project Use interest rates rounded to 2 decimal places for computation purposes and round flowers to decid e 52750 Av erest e Textbook and Media Compute the preciation expense for the year and December 31, 2001. Wildhore value of $690.000(Round answer to decimal places . 5.275) d to depreciate the b o n d ine basis and de e d that the asset has a useful foranda savage Depreciation 5 Textbook and Me Attempts of used