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Splish Brothers Industries Inc. started construction of a manufacturing facility for its own use at an estimated cost of $11.200.000 on January 1, 2017. Solish Brothers expected to complete the building by December 31, 2017. Splish Brothers'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 $5,600,000 . Long-term loan #1 - 10.00% Interest, payable on January 1 of each year. Principal payable on January 1, 2019: $1.600.000 . Long-term loan #2-12.00% Interest, payable on December 31 of each year. Principal payable on December 31, 2025:53.920,000 Assume that Splish Brothers completed the facility on December 31, 2017, at a total cost of $11.536,000, and the weighted average amount of accumulated expenditures was $7,616,000 Compute the avoidable Interest on this project. (Use interest rates rounded to 2 decimal places, 2.. 7.58% and round final answer to decimal places, s. 5,275.) Avoidable Interest $ eTextbook and Media Compute the depreciation expense for the year ended December 31, 2018. Splish Brothers estimated the facility's useful life to be 25 years with a salvage value of $1,120,000. Splish Brothers elected to depreciate the facility on a straight-line basis. Depreciation Expense $

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