Pina Colada Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property, plant, and equipment section of the companys statement of financial position at December 31, 2016, had the following balances:

Land $300,330

Land Improvements 140,370

Buildings 1,100,140

Equipment 960,170

During 2017, the following transactions occurred: 1. A tract of land was acquired for $150,060 as a potential future building site

2. A plant facility consisting of land and a building was acquired from Knorman Corp. for use in production in exchange for 19,860 of Pina Colada's common shares. The most recent sale of Pina Colada's common shares took place last month, when 3,530 of Pina Colada's common shares sold for $55 per share. The plant facility was carried on Knorman's books at $110,440 for land and $320,190 for the building at the exchange date. At the exchange date, a reliable, independent valuator determined the fair value of the land and building to be $230,060 and $690,240 respectively.

3. Equipment was purchased for a total cost of $400,000. Additional costs incurred were as follows

4. Freight and unloading $12,830

   Provincial sales taxes 28,000

   GST (recoverable) 20,000

   Installation 25,930

   4. Expenditures totalling $94,640 were made for new parking lots, streets, and sidewalks at the corporations various plant locations. These expenditures had an estimated useful life of 17 years.

   5. A piece of equipment that cost $80,000 on January 1, 2009, was scrapped on June 30, 2017. Double-declining-balance depreciation had been recorded based on a 9-year life.

   6. A piece of equipment was sold for $19,580 on July 1, 2017. Its original cost was $44,280 on January 1, 2014, and it was depreciated on the straight-line basis over an estimated useful life of 9 years, assuming a residual value of $1,640.

   Required: (round all answers to 0 decimal place)

   a) Prepare a detailed analysis of the changes in each of the following statement of financial position accounts for 2017:

   Land, Land Improvements, Buildings, and Machinery and Equipment. Your analysis should begin with the balance at January 1, 2017 and end with the final balance at December 31, 2017. (Hint: Ignore the related accumulated depreciation accounts.)

   b) Calculate the depreciation for the first two years, (use full year depreciation) on the equipment purchased in point 3, assuming it has a useful life of 10 years and it has a salvage value of $2,000 using; 1) Straight-line and 2) CCA