Question: please help me to complete the blank spaces and write down how did you solve it? thanks BACK NEXT Crane Company Ltd. buys equipment on

please help me to complete the blank spaces and write down how did you solve it? thanks

BACK NEXT Crane Company Ltd. buys equipment on January 1, 2020, for $415,000 cash. The asset is expected to have a useful life of 12 years and a residual value of $49,000. Crane prepares financial statements under IFRS. Calculate the amount of depreciation for each of 2020, 2021, and 2022 using the straight-line method. tudy Depreciation 2020 $ 2021 $ 2022 $ 4 LINK TO TEXT Calculate the amount of depreciation for each of 2020, 2021, and 2022 using the double-declining-balance method. (Round percentages to to 2 decimal places e.g. 52.75 and round dollar amounts to the nearest dollar, e.g. 5,275.) Depreciation 2020 $ 2021 2022

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