Business, 31.12.2019 01:31 msalecora

Tamarisk industries inc. started construction of a manufacturing facility for its own use at an estimated cost of $9,000,000 on january 1, 2017. tamarisk expected to complete the building by december 31, 2017. tamarisk'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; $4,500,000 · long-term loan #1-10.00% interest, payable on january 1 of each year. principal payable on january 1, 2019; $1,350,000 · long-term loan #2-12.00% interest, payable on december 31 of each year. principal payable on december 31, 2025; $3,150,000 assume that tamarisk completed the facility on december 31, 2017, at a total cost of $9,270,000, and the weighted-average amount of accumulated expenditures was $6,120,000 compute the avoidable interest on this project. use interest rates rounded to 2 decimal places, e g 7.58% and round final answer to decima places. avoidable interests = ? compute the depreciation expense for the year ended december 31, 2018. tamarisk estimated the facility's useful life to be 25 years with a salvage value of $900,000. tamarisk elected to depreciate the facility on a straight-line basis. depreciation expense = ?

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