Sheffield Corp. purchased a machine on July 1, 2020, for $31,015. Sheffield paid $290 in title fees and a legal fee of $125 related to the machine. In addition, Sheffield paid $520 in shipping charges for delivery, and $450 to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 10 years, a total expected life of 12 years, a residual value of $6,000, and no salvage value. Sheffield uses straight-line depreciation. a. Calculate the 2020 depreciation expense if Sheffield prepares financial statements in accordance with IFRS. b. Calculate the 2020 depreciation expense if Sheffield prepares financial statements in accordance with ASPE.