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Exercise 11-3 Indigo Corporation purchased a new plant asset on April 1, 2020, at a cost of $834,000. It was estimated to have a useful life of 20 years and a residual value of $354,000, a physical life of 30 years, and a salvage value of $0. Indigo's accounting period is the calendar year. Indigo prepares financial statements in accordance with IFRS. Your answer is partially correct. Try again. Calculate the depreciation for this asset for 2020 and 2021 using the straight-line method. (Round answers to o decimal places, e.g. 5,275.) Depreciation 2020 24000 2021 24000 LINK TO TEXT x Your answer is incorrect. Try again. Calculate the depreciation for this asset for 2020 and 2021 using the double-declining-balance method. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation 2020 83400 2021 75060 LINK TO TEXT Your answer partially correct. Try again. Calculate the depreciation for this asset for 2020 and 2021 using the straight-line method and assuming Indigo prepares financial statements in accordance with ASPE. (Do not round Intermediate calculations and round answers to 0 decimal places, e.g. 5,275.) Depreciation 2020 27800 2021 27800 LINK TO TEXT Your answer partially correct. Try again. Assume that additional information has been provided relating to the cost ($834,000). There are three components of the plant asset. Components 1, 2, and 3 have costs of $350,000, $240,000, and $244,000, respectively. The useful lives of components 1, 2, and 3 are 25, 20, and 30 years, respectively. Determine straight-line depreciation expense for 2020 and 2021 for each component under IFRS if the residual value is $100,000 for component 1, $112,000 for component 2, and $142,000 for component 3. (Do not round intermediate calculations and round answers to 0 decimal places, e.g. 5,275.) Depreciation expense 2020 2021 Component 1 10000 10000 X Component 2 6400 6400 X Component 3 3400 3400 LINK TO TEXT

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