On April 1, 2020, machinery was purchased for the cost of $86,950. The following information is being used to calculate depreciation:

- The machinery is estimated to have a 5 year useful life and a residual value of $5,350

The companys fiscal year end is November 30. The straight-line depreciation method is used to depreciate the asset.

1. Depreciation expense for fiscal year 2020 is: (nearest dollar without comma, e.g. 15000): Answer

2. Depreciation expense for fiscal year 2021 is: (nearest dollar without comma, e.g. 15000): Answer

3. Machinery's carrying amount, as at November 30, 2021 is: (nearest dollar without comma, e.g. 15000):