Doyon Corporation purchased factory equipment that cost $50,000. It plans to keep the equipment for 10 years and sell it for $30,000. The asset is expected to have a total life of 12 years then be sold for scrap for $4K. How would depreciation be calculated under IFRS? Multiple Choice $1,667 $2,000 $4,000 $4.800 When management wants to minimize cash flow, they would choose the following depreciation method: Multiple Choice straight line declining balance double declining balance none of these answers are true