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Sunland Furniture Company started construction of a combination office and warehouse building for its cwn use at an estimated cost of $13,500,000 on January 1,

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Sunland Furniture Company started construction of a combination office and warehouse building for its cwn use at an estimated cost of $13,500,000 on January 1, 2020. Sunland expected to complete the building by December 31, 2020. Sunland has the following debt obligations outstanding during the construction period. Assume that Sunland completed the office and warehouse building on December 31, 2020, as planned at a total cost of $14,040,000, and the weighted-average amount of accumulated expenditures was $9,720,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.. 7.58\% for computotional pumpses and round final answers to 0 decimal places, es. 5,275.) Avoidable interest 5 Compute the depreciation expense for the year ended December 31, 2021. Sunland 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 $810,000. (Round answer to 0 decimal ploces, eg. 5,275.) Depreciation Expense

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