i just submit butanswer wrong please answer again Q$2$:achinary purchase for$

$3$

$9$

$8$

$0$

$0$

$$by blue spruce corp on january

$1$

$2$

$0$

$1$

$8$

$,$

$$was orginally estimated to havean

$8$

$-$

year useful life with a residual value of $

$3$

$0$

$0$

$0$

$,$

$$depreciation has been entered for five years on the basis

$,$

$$in

$2$

$0$

$2$

$3$

$,$

$$it is determined that the total estimated useful life

$($

including

$2$

$0$

$2$

$3$

$)$

$$should have been

$1$

$0$

$$years

$,$

$$with a residual value of $

$3$

$5$

$0$

$0$

$$at the end of that time

$.$

assume straight

$-$

line depriciation and that blue spruce uses IFRS for financial statement purpose prepare the entry that is required to correct the prior years depreciation ifany b

$)$

$$prepare the entry to record depriciation for

$2$

$0$

$2$

$3$

$$c

$)$

$$repeat part b assuming blue spruce uses ASPE and machinary is orginially estimated to have aphsical life of

$8$

$.$

$5$

$$years and salvage value of $

$0$

$$in

$2$

$0$

$2$

$3$

$,$

itis determined that the total estimated physical life

$($

including

$2$

$0$

$2$

$3$

$)$

$$should have been

$1$

$1$

$$years with salvage value of $

$3$

$0$

$0$

$$ at the end of that time d

$)$

$$repeat part b assuming blue spruce uses double

$-$

$$declining

$-$

balance method of depriciation