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PRINTER VERSION 4 BACK NEXT ECES Exercise 11-3 (Part Level Submission) Pronghorn Corporation purchased a new plant asset on April 1, 2020, at a cost

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PRINTER VERSION 4 BACK NEXT ECES Exercise 11-3 (Part Level Submission) Pronghorn Corporation purchased a new plant asset on April 1, 2020, at a cost of $804,000. It was estimated to have a useful life of 20 years and a residual value of $324,000, a physical life of 30 years, and a salvage value of $0. Pronghorn's accounting period is the calendar year. Pronghorn prepares financial statements in accordance with IFRS. (a) Calculate the depreciation for this asset for 2020 and 2021 using the straight-line method. (Round answers to 0 decimal places, e.g. 5,275.) ly Depreciation 2020 $ 2021

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