13 of 29 View Policies -/5 Current Attempt in Progress Crane Company Ltd. buys equipment on January 1, 2020, for $431,000 cash. The asset is expected to have a useful life of 12 years and a residual value of $35,000. Crane prepares financial statements under IFRS. (a) Calculate the amount of depreciation for each of 2020, 2021, and 2022 using the straight-line method. Depreciation 2020 $ 2021 $ 2022 $ eTextbook and Media !!! ==