h. The storage building was self-constructed this year by Accounting Creations. The Company had their initial expenditure of S500,000 on January 1 _ They paid an additional S375i000 on May 1st $250000 on August 1st, and then the final payment of S150,000 on December 1st when the building was completed and occupancy occurred. The company has decided to use SIL method for depreciation. The storage building is estimated to have a life of 40 years and a salvage value of $78,000. The company depreciates using partial years (Hint: (1) only consider depreciation expense after the completion of the construction; (2) use the avoidable interest computed from i).