(5)1. XYZ Company purchased a warehouse in May 2015 for a total of $32 million. It is estimated that the building and land worth about the same. a) How much depreciation XYZ Company can declare for the warehouse in 2015? b) If XYZ Company sold the warehouse in December 2016 for S31 million, how much capital gain/loss could they declare? (Hint: Half-month convention also applies to the month of disposal.)