Grouper Corp. purchased a machine on July 1, 2020, for $30,865. Grouper paid $280 in title fees and a legal fee of $100 related to the machine. In addition, Grouper paid $580 in shipping charges for delivery, and $575 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 $5,600, and no salvage value. Grouper uses straight-line depreciation.

Calculate the 2020 depreciation expense if Grouper prepares financial statements in accordance with IFRS.

Depreciation expense

$enter the Depreciation expense in dollars

Calculate the 2020 depreciation expense if Grouper prepares financial statements in accordance with ASPE.

Depreciation expense

$enter the Depreciation expense in dollars