Case 1: KIWICO Co. (questions 1-5) KIWICO Colects to depreciate all equipment on a straight-in basis. The company reports on an annual basis. There are 30 days in each month. The fiscal year ends on the 31" of December Equipment On 01-01-2016, KIWICO Co. buys Equipment A for 81 000 and Equipment for CIS 000. The recoverable value of Equipment A approudmates the carrying amount of 31-12-2016 and 31-12-2017 On 31-12-2013 the Occumulated depreciation of Equipment Als 24 300 and the recoverable value of the equipment is determined to be 49 000. The recoverable value of Equipment Capproximates the carrying amount from 2016 to 2019. On 01-01-2020 when the accumulated depreciation of Equipment Cis 6000 KIWICO Co sell Equipment for C10 100 cosh On 01-04-2020 KIWICO Co. purchases Equipment for 097 000 on occount. The equipment is expected to have a 9-year life with a residual value of 11680 Lond On 01-01-2020, KIWICO Co. purchases land for CI 180 000. The company pays CIO 000 to tear down a building on the land. Solvoge is sold for 6500. Legal fees of 7 300 are pold for title Investigation and making the purchase, KIWICO Co. also builds a private parking lot at a cost of 8 600, Calculate the depreciation expense that KIWICO Co. will record on the Equipment B in 2020. m Calculator 1 Overview