View Policies Current Attempt in Progress Blossom Company Ltd, buys equipment on January 1, 2020, for $365,000 cash. The asset is expected to have a useful life of 12 years and a residual value of $41.000, Blossom prepares financial statements under IFRS Calculate the amount of depreciation for each of 2020 2021, and 2022 using the straight-line method. Depreciation 2020 $ 2021 $ 2022 $ e Textbook and Media Calculate the amount of depreciation for each of 2020, 2021, and 2022 using the double-declining-balance method (Round percentages to to 2 decimal places e.g. 52.75 and round dollar amounts to the nearest dollar, e.g. 5,275.) Depreciation 2020 $ 2021 $ 2022 $