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Bramble Corporation purchased a new plant asset on April 1, 2017, at a cost of $870,000, It was estimated to have a useful life of
Bramble Corporation purchased a new plant asset on April 1, 2017, at a cost of $870,000, It was estimated to have a useful life of 20 years and a residual value of $330,000, a physical life of 30 years, and a salvage value of $0. Bramble's accounting period is the calendar year. Bramble prepares financial statements in accordance with IFRS Calculate the depreciation for this asset for 2017 and 2018 using the straight-line method. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation 2017 2018 LINK TO TEXT LINK TO TEXT Calculate the depreciation for this asset for 2017 and 2018 using the double-declining-balance method. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation 2017 2018
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