On June 30, 2018, Rosetta Granite purchased a machine for $144,000. 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 high-speed drill that will need to be replaced in four years. The $32,000 cost of the drill is included in the $144,000 cost of the machine. Rosetta uses the straight-line depreciation method for all machinery. Required 1. Calculate depreciation for 2018 and 2019 applying the typical U.S. GAAP treatment. 2. Calculate depreciation for 2018 and 2019 applying IFRS. 2018 2019 1. Depreciation (GAAP) 2. Depreciation (IFRS)