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Find the depreciation expense for the first full year

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Question - Swifty Corporation constructed a building at a cost of $30550000. Weighted-average accumulated expenditures were $12500000, actual interest was $1260000, and avoidable interest was $610000. If the salvage value is $2400000, and the useful life is 40 years, find the depreciation expense for the first full year using the straight-line method?

a. $779000.

b. $1031500.

c. $719000.

d. $750500.

Reference no: EM132601573

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