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In August 2024, Blossom Helicopters Ltd. purchased a new helicopter for its logging and heavy lift operations at a cost of $0.96 million. Based on

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In August 2024, Blossom Helicopters Ltd. purchased a new helicopter for its logging and heavy lift operations at a cost of \$0.96 million. Based on past experience, management has determined that the helicopter will have a useful life of 20.000 flying hours, at which time it will have an estimated residual value of $200,000. During 2024 , the helicopter was used for 2,000 flying hours, and in 2025 it was used for 2,300 flying hours. Blossom Helicopters has a December 31 year end and uses the units-of-production method of depreciation for its helicopters. Determine the depreciation expense on this helicopter for 2025 and its carrying amount at December 31,2025

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