Sheffield Corporation purchased a new plant asset on April $1,2023,$ at a cost of $$912,000.$ It was estimated to have a useful life of $20$ years and a residual value of $$372,000,$ a physical life of $30$ years, and a salvage value of $$0.$ Sheffield's accounting period is the calendar year. Sheffield prepares financial statements in accordance with IFRS.

$($a$)$

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Calculate the depreciation for this asset for $2023$ and $2024$ using the straight$-$line method. $($Round answers to O decimal places, e$.$g$.5,275.)$

$($b$)$

$2023$ $

Depreciation

$20250$

$2024$

$

$27000$

Attempts: $1$ of $1$ used

Calculate the depreciation for this asset for $2023$ and $2024$ using the double$-$declining$-$balance method. $($Round answers to O decimal places, e$.$g$.5,275.)$

Depreciation

$2023$

$

$2024$ $