320,000 320N 43. Cirrus Ltd. purchased a new rus Ltd. purchased a new machine on April 1, 2018 at a cost of $720,000. The company estimated that the machine would have a residual value of $72,000 with a four- year life. The company has a December 31 year end. A. Complete the deprecation schedule assuming the company uses the straight-line method (20 marks) 720,000 - 72000 1400 Dec 31 Carrying Amount -162 January 1 Carrying Amount Depreciation Expense Accumulated Depreciation Period 2018 162000 162uor 2019 2020 162.000 2021 162 000 162000 2022 B. Complete the depreciation schedule assuming the company uses the double- diminishing balance method (20 marks) as January 1 Carrying Amount Depreciation Expense Accumulated Depreciation Dec 31 Carrying Amount Period 2018 720.000 os 2019 2020 2021 2022