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In August 2020, Heavy-lift Helicopters Ltd. purchased a new helicopter for its logging and heavy lift operations at a cost of $1.202 million. Based on past experience, management has determined that the helicopter will have a useful life of 13,600 flying hours, at which time it will have an estimated residual value of $250,000. During 2020, the helicopter was used for 1,360 flying hours, and in 2021 it was used for 1,710 flying hours. Heavy-lift Helicopters has a December 31 year end and uses the units-of-production method of depreciation for its helicopters. Determine the depreciation expense on this helicopter for 2021 and its carrying amount at December 31, 2021. 2021 Depreciation expense $ Carrying amount $ Norika Company purchased a truck for $44,000. The company expected the truck to have a useful life of four years or 90,000 kilometres, with an estimated residual value of $8,000 at the end of that time. During the first and second years, the truck was driven 25,000 and 27,500 kilometres, respectively. Calculate the depreciation expense for the second year under the straight-line, units-of-production, and double-diminishing-balance methods. Assume the purchase of the truck was made at the beginning of the first month of the first year. (Round depreciation per kilometre to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 5,275.) Year 2 Depreciation Expense Straight-line method $ Units-of-production method $ Double-diminishing-balance method $

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