TBTF Incorporated purchased equipment on May 1, 2021. The company depreciates its equipment using the double-declining balance method. Other information pertaining to the equipment purchased by TBTF follows: Cost of the equipment $6,490,102 Estimated useful life and physical life of the equipment (in years) 6 Estimated residual value and salvage value of the equipment $649,010 On TBTF's year end date of December 31, 2021, the company conducted an impairment test of the equipment. The following amounts were determined in the process of conducting the test: Value-in-use of equipment $3,587,455 Fair value less costs to sell of equipment $3,569,271 Estimated future undiscounted cash flows the equipment is expected to generate $3,659,204 Fair value of the equipment $3,571,056 Required: 1. Calculate the amount of equipment depreciation to be recorded by TBTF for the 2021 year. (2 marks) 2. Assume that TBTF follows ASPE. Calculate the amount of the impairment loss (if any) and record any applicable journal entry for impairment. (4 marks) 3. Assume that TBTF follows IFRS. Calculate the amount of the impairment loss (if any)