Question: I need help with Both please problem was answered wrong by cheggs. Chapter 11 HW ACCOUNTING Chapter 11 HW Question 14 (of 21) 14. 10.00

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

cheggs. Chapter 11 HW ACCOUNTING Chapter 11 HW Question 14 (of 21)

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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