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Assume that Metlock completed the office and warehouse building on December 31, 2025, as planned,...

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Accounting

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Assume that Metlock completed the office and warehouse building on December 31, 2025, as planned, at a total cost of $7,800,000, and the weighted-average amount of accumulated expenditures was $5,400,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, eg. 7.58% for computational purposes and round final answers to 0 decimal ploces, e.g. 5,275.) Avoidable interest

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