Question 1 Shamrock Industries Inc. started construction of a manufacturing facility for its own use at an estimated cost of $8,400,000 on January 1, 2017. Shamrock expected to complete the building by December 31, 2017. Shamrock's debt, all of which was outstanding during the construction period, was as follows. . Construction loan-11.00% interest, payable semiannually, issued December 31, 2016. S,200,000) Long-term loan #1-10.00% interest, payable on January 1 of each year. Principal payable on January 1, 2019, s.260 ,000 . Long-term loan #2-12.00% interest, payable on December 31 of each year. Principal payable on December 31, 2025: $2940,000 Assume that Shamrock completed the facility on December 31, 2017, at a total cost of $8,652,000, and the weighted-average amount of accumulated expenditures was $5,712,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, eg, 7.58% and round final answer to 0 decimal places, eg. 5,275.) Avoidable Interest s Compute the depreciation expense for the year ended December 31, 2018. Shamrock estimated the facility's useful life to be 25 years with a salvage value of $840,000 Shamrock elected to depreciate the facility on a straight-line basis. Depreciation Expense