gnment9-Ch11 Question 5 of 10 0/1 View Policies Show Attempt History Current Attempt in Progress Blue Corp.purchased a machine on July 1, 2020, for $30.860. Blue paid $250 in title fees and a legal fee of $275 related to the machine. In addition, Blue paid $590 in shipping charges for delivery, and $425 to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 10 years, a total expected life of 12 years, a residual value of $5,200, and no salvage value. Blue uses straight-line depreciation. X Your answer is incorrect. Calculate the 2020 depreciation expense if Blue prepares financial statements in accordance with IFRS. Depreciation expense $ 27200 eTextbook and Media X Your answer is incorrect. Calculate the 2020 depreciation expense if Blue prepares financial statements in accordance with ASPE. Depreciation expense 27200