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Required information [The following information applies to the questions displayed below] On June 30, 2024, Rosetta Granite purchased equipment for $152.000. The estimated useful life

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Required information [The following information applies to the questions displayed below] On June 30, 2024, Rosetta Granite purchased equipment for $152.000. The estimated useful life of the equipment is eight years and no residual value is anticipated. An important component of the equipment is a specialized high-speed dril that will need to be replaced in four years. The $36,000 cost of the drill is included in the $152,000 cost of the equipment. Rosetta uses the straight-line depreciation method for all equipment. Required: 1. Calculate depreciation for the years ended December 31,2024 and 2025 , applying the typical U.S. GAAP treatment. Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below] On June 30, 2024, Rosetta Granite purchased equipment for $152,000. The estimated useful life of the equipment is eight years and no residual value is anticipated. An important component of the equipment is a specialized high-speed drill that will need to be replaced in four years. The $36,000 cost of the drill is included in the $152,000 cost of the equipment. Rosetta uses the straight-line depreciation method for all equipment. 2. Calculate depreciation for the years ended December 31,2024 and 2025, applying IFRS

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