Question 3 of 4 - / 100 View Policies Current Attempt in Progress In August 2020, Heavy-lift Helicopters Ltd, purchased a new helicopter for its logging and heavy lift operations at a costat 51.288 million. Based on past experience, management has determined that the helicopter will have a useful life of 13,800 fying hours at which time it will have an estimated residual value of $300,000. During 2020, the helicopter was used for 1 380 fying hours and in 2021 it was used for 1,680 flying hours. Heavy-lift Helicopters has a December 31 year end and uses the units.c. production method of depreciation for its helicopters, Determine the depreciation expense on this helicopter for 2021 and its carrying amount at December 31, 2021 2021 S Depreciation expense Carrying amount s e Textbook and Media Attempts: 0 of 3 used Save for Later 4. 5