Equipment was purchased for the cost of $75,860. The equipment was purchased on February 1, 2020. The companys fiscal year end is November 30. The equipment is estimated to have a four-year life and a $6,550 residual value. The double diminishing balance method is used is used to depreciate the asset.

1. Depreciation expense for fiscal year ended November 30, 2020 (nearest dollar without comma, e.g. 15000): Answer

2. Depreciation expense for fiscal year ended November 30, 2021 (nearest dollar without comma, e.g. 15000): Answer

3. Equipment's carrying amount, as at November 30, 2021 (nearest dollar without comma, e.g. 15000):