On June 30, 2024, Rosetta Granite purchased equipment for $120,000. The estimated useful life of the equipment is eight years and no residual value is anticipated. An important component of the equipment is a specialized high-speed drill that will need to be replaced in four years. The $20,000 cost of the drill is included in the $120,000 cost of the equipment. Rosetta uses the straight-line depreciation method for all equipment. Exercise 11-8 (Static) Part 2 2. Calculate depreciation for the years ended December 31,2024 and 2025 , applying IFRS