Comprehensive: Acquisition, Subsequent Expenditures, and Depreciation

On January $2,2019,$ Lapar Corporation purchased a machine for $$50,000.$ Lapar paid shipping expenses of $$500,$ as well as installation costs of $$1,200.$ The company estimated that the machine would have a useful life of $10$ years and a residual value of $$3,000.$ On January $1,2020,$ Lapar made additions costing $$3,600$ to the machine in order to comply with pollution$-$control ordinances. These additions neither prolonged the life of the machine nor increased the residual value.

Required:

$1.$ If Lapar records depreciation expense under the straight$-$line method, how much is the depreciation expense for $2020?$

$ fill in the blank $1$

$5,270$

$2.$ Assume Lapar determines the machine has three significant components as shown below.

Component

Amount Service

Life Salvage

Value

A $$25,00010$ years $$3,000$

B $15,0005$ years $0$

C $11,7003$ years $0$

If Lapar uses IFRS, what is the amount of depreciation expense that would be recorded?

$ fill in the blank $2$