Pronghorn Corporation purchased a new plant asset on April $1,2023,$ 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$)$

Your answer is correct.

Calculate the depreciation for this asset for $2023$ and $2024$ using the straight$-$line method. $($Round answers to $0$ decimal places, e$.$g$.$

$5,275.)$

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