On June 30, 2018, ABC Co. purchased a machine for $120,000. The estimated useful life of the machine is 8 years and no residual value. An important component of the machine is a specialized hight-speed drill that will need to be replaced in 4 years. The $20,000 cost of the drill is included in the $120,000 cost of the machine. ABC uses the straight line depreciation method. Required: IFRS: YEARS 1. Determine the TOTAL depreciation expense for: a. 2018 b. 2019. IFRS: YEARS AND UNITS 2. All information remains the same except suppose ABC depreciates the drill using: units of production. The estimates total units are 150,000. For 2018 and 2019 the units produced was 80,000 and 40,000, respectively. Determine the TOTAL depreciation expense for: a. 2018 b. 2019