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please show work! Sheffeld Furniture Company started construction...

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Accounting

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Sheffeld Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $11,000,000 on Janvary 1, 2025. Sheffitd expected to complete the buliting by December 31,2025. Shelfield has the following debt obligations outstanding during the construction period. Compute the depreciation expense for the year ended December 31,2026 . Sheffield elected to depreciate the building on a stralght -line basis and determined that the asset has a aseful life of 30 years and a salvage value of $660,000. (Round answer to 0 decimal places, es. 5.275.) Depreciation expense

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