Required: Determine the Depreciation expense for 2019 and 2020. (IFRS) The Airplane was acquired on October 1, 2019. AIRPLANE COMPONENT COST 2019 RESIDUAL VALUE TOTAL ACTIITY 2020 ACTIVITY ACTIVITY 1. Airframe $1,000,000 $100,000 flying hours 50,000 7,000 5,000 2. Engine $2,000,000 $0 machine hours 25,000 7,000 5,000 3. Interior $75,000 10 years $500,000 $3,500,000