Question 18 (14 points) Listen Depreciation On July 2, 2020, Vicuna Inc purchased equipment for $700,000 This equipment has an estimtated useful life of 8 years and an est. res Value of $15,000 Depreciation is taken for the portion useful life of six years and an estimated residual value of of the year the asset is used. The asset is a Class 8 asset with a maximum CCA rate of 20% Vicuna has a December year end Instructions a) Complete the form below by determining the depreciation expense/CCA and year-end book values/UCC for 2020 and 2021 using the 1 double declining-balance method. 2 capital cost allowance method (using maximum rate) Double Declining-Balance Method 2020 2021 Depreciation expense for year Accumulated depreciation Year-end book value Capital Cost Allowance Method 2020 2021 CCA for year End of year UCC Total CCA claimed