Pina Colada Corp. acquired a property on September 15, 2017, for $220,000, paying $3,700 in transfer taxes and a $1,900 real estate fee. Based on the provincial assessment information, 80% of the propertys value was related to the building and 20% to the land. It is estimated that the building, with proper maintenance, will last for 20 years, at which time it will be torn down and have zero salvage value. Pina Colada, however, expects to use it for 10 years only, as it is not expected to suit the companys purposes after that. The company should be able to sell the property for $157,000 at that time, with $47,000 of this amount being for the land. Pina Colada prepares financial statements in accordance with IFRS. Depreciation expense should be calculated to the nearest half month.

1) Assuming a December 31 year end, identify the buildings depreciable amount.

2)Assuming a December 31 year end, identify the depreciation expense for 2017, assuming the straight-line method.

3)Assuming a December 31 year end, identify the depreciation expense for 2018, assuming the double-declining-balance method.

4) Assuming a December 31 year end, identify the buildings carrying amount at December 31, 2018, assuming the double-declining-balance method.

4) Assuming a December 31 year end, identify the depreciation expense for 2017, assuming the straight-line method and assuming Pina Colada prepares financial statements in accordance with ASPE.