Doyon Corporation purchased factory equipment that cost $50,000. It plans to keep the equipment for 10 years and sell it for $30,000. The asset is expected to have a total life of 12 years then be sold for scrap for 2K$. How would depreciation be calculated under ASPE? Multiple Choice $1,667 $2,000 $4,000 $4,800 ABC Aerospace Inc. adheres to IFRS and applies component accounting to its major long-lived asset categories. Accordingly, the following data pertain to the company's fleet of test aircraft as at December 31,2023 (in millions $ ): Additional information includes the following: - The avionics have a salvage value $2 and a remaining useful life of ten years and are depreciated on a straight-line basis. - Both the fuselage and wings and aircraft engines are depreciated at a declining rate of 25%. Assuming there were no acquisitions or disposals made, compute the depreciation expense for 2024 (in millions $ ). Round your answers to the nearest whole dollar. Multiple Choice 580 $55 $26 $50