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Just need help with the last part, thanks in advance! Bridgeport Corp. purchased Machine no. 201 on May 1, 2023. The following information relating to

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image text in transcribedJust need help with the last part, thanks in advance!
Bridgeport Corp. purchased Machine no. 201 on May 1, 2023. The following information relating to Machine no. 201 was gathered at the end of May: It was expected that the machine could be used for 10 years, after which the residual value would be zero. However, Bridgeport intends to use the machine for only 8 years and expects to then be able to sell it for $1.500. The invoice for Machine no. 201 was paid on May 5. 2023. Bridgeport has a December 31 year end. Depreciation expense should be calculated to the nearest half month. Bridgeport follows IFRS for funancial statement purposes. Calculate the depreciation expense for the years indicated using the following methods. (Do not nound intermediate calculations. Round final answers to 0 decimal places, e.g- 5,275.) 1. Straight-line method for the fiscal years ended December 31,2023 and 2024 2. Double-declining-balance method for the fiscal years ended December 31,2023 and 2024 Calculate the capital cost allowance for the 2023 and 2024 tax returns, assuming a CCA class with a rate of 25% and that the machine is eligible for the Accelerated Investment Incentive. (Round answers to 0 decimal places, eg. 5,275.) CCAfor2023 CCA for 2024 Assume that Bridgeport selects the double-declining-balance method of depreciation. In 2025, demand for the product produced by the machine decreases sharply, due to the launch of a new and better competing product on the market. On August 15,2025, the management of Bridgeport meets and decides to discontinue manufacturing the product. On September 15,2025 , a formal plan to sell the machine is authorized. On this date, the machine meets all criteria for classification as held for sale, and the machine's fair value less costs to sell is $56,500. Calculate the depreciation expense for 2025. (Do not round intermediate calculations and round answers to 0 decimal places, e.g. 5,275.) Depreciation expense for 2025

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