Determine depreciation exp. for 2020 and 2021. (IFRS) Cruise was obtained on October 1, 2020. Cruise COMPONENT COST RESIDUAL VALUE $100,000 2020 2021 ACTIVITY ACTIVITY $1,000,000 1. Cruise- frame 2. Engine TOTAL ACTIITY Sailing hours 50,000 machine hours 25,000 10 years 7,000 5,000 $2,000,000 SO 7,000 5,000 3. Interior $75,000 $500,000 $3,500,000 Determine depreciation exp. for 2020 and 2021. (IFRS) Cruise was obtained on October 1, 2020. Cruise COMPONENT COST RESIDUAL VALUE $100,000 2020 2021 ACTIVITY ACTIVITY $1,000,000 1. Cruise- frame 2. Engine TOTAL ACTIITY Sailing hours 50,000 machine hours 25,000 10 years 7,000 5,000 $2,000,000 SO 7,000 5,000 3. Interior $75,000 $500,000 $3,500,000