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I need help with Both please problem was answered wrong by cheggs. ...

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Accounting

I need help with Both please problem was answered wrong by cheggs. image
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Chapter 11 HW ACCOUNTING Chapter 11 HW Question 14 (of 21) 14. 10.00 points On June 30, 2016, Rosetta Granite purchased machine for $126,000. The estimated useful life of the machine is eight years and no residual value is anticipated. An important component of the machine is a specialized hligh-speed dril that will need to be replaced in four years. The $20,000 cost of the dril is included in the $126,000 cost of the machine. Rosetta uses the straight-line depreciation method for all Required: 1. Calculate depreciation for 2016 and 2017 applying the typical U.S. GAAP treatment Depreciation5 7.875 S 15.750 2. Calculate depreciation for 2016 and 2017 applying IFRS Depreciason$ 5,000$6,625

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