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whispering Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $4,993,100 on January 1, 2017. whispering expected to complete the building by December 31, 2017. Whispering has the following debt obligations outstanding during the construction period. Construction loan-10% interest, payable semiannually, issued December 31, 2016 Short-term loan-8% interest, payable monthly, and principal payable at maturity on May 30, 2018 Long-term loan-9% terest, payable on January 1 of each year. Principal payable on January 1, 2021 $1,982,700 1,586,000 1,001,500 Assume that whispering completed the office and warehouse building on December 31, 2017, as planned at a total cost of $5,234,800, and the weighted-average amount of accumulated expenditures was $3,806,700. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.g 7.58% for computational purposes and round final answers to 0 decimal places, e. g. 5,275.) Avoidable Interest LINE TO TENT Compute the depreciation expense for the year ended December 31, 2018. Whispering 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 $301,400. (Round answer to o decimal places,e.g.5,275.) Depreciation Expense

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