In 2019 Allison Corporation acquired Epic Inc. for $400 million, of which 360 million was allocated to goodwill. At the end of 2021. management has provided the following information for a required goodwill impairment test: Fair value of Epic inc. T $220 million Book value of Epic's net assets excluding goodwill 215 million Book value of Epic's net assets (including goodwill) Allison prepares its financial statements according to IFRS and Epic is considered a cash generating unit. Assume that Epics fair value of $220 million approximates fair value less costs to sell and that the present value of Epic's estimated future cash flows is $235 million. The amount of goodwill impairment loss Allison should recognize would be On January 1, 2021, the Smith Company purchased equipment to be used in its manufacturing process. The equipment has an estimated life of eight years and an estimated residual value of $39.000. The expenditures made to acquire the asset were as follows: Purchase price $181.500 Freight charges 4,000 Installation charges 65.00 Smith's policy is to use the double-declining balance DDB) method of depreciation in the first two years of the equipment's life and then switch to straight line the third year of the equipment's life. What is the amount of depreciation expense for the year ended December 31, 2023