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Grouper Corporation purchased a new plant asset on April 1, 2017, at a cost of $910,000. It was estimated to have a useful life of

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Grouper Corporation purchased a new plant asset on April 1, 2017, at a cost of $910,000. It was estimated to have a useful life of 20 years and a residual value of $370,000, a physical life of 30 years, and a salvage value of $0. Grouper's accounting period is the calendar year. Grouper prepares financial statements in accordance wh IFRS. Calculate the depreciation for this asset for 2017 and 2018 using the straight-line method. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation 2017 2018 Calculate the depreciation for this asset for 2017 and 2018 using the double-declining-balance method. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation 2017 2018 Calculate the depreciation for this asset for 2017 and 2018 using the straight-line method and assuming Grouper prepares financial statements in accordance with ASPE. (Do not round intermediate calculations and round answers to 0 decimal places, e.g. 5,275.) Depreciation 2017 2018 Assume that additional information has been provided relating to the cost ($910,000). There are three components of the plant asset. Components 1, 2, and 3 have costs of $385,000, $244,000, and $281,000, respectively. The useful lives of components 1, 2, and 3 are 25, 20, and 30 years, respectively Determine straight-line depreciation expense for 2017 and 2018 for each component under IFRS if the residual value is $130,000 for component 1, $124,000 for component 2, and $116,000 for component 3. (Do not round intermediate calculations and round answers to 0 decimal places, e.g. 5,275.) Depreciation expense 2017 2018 Component 1 Component 2 Component 3

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