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The following information applies to Wildhorse Corporation, which reports under IFRS. ...

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Accounting

The following information applies to Wildhorse Corporation, which reports under IFRS.
Prior to 2022, taxable income and accounting income were identical.
Accounting income was $1.7 million in 2022 and $1.49 million in 2023.
On January 1,2022, equipment costing $1.43 million was purchased. It is being depreciated on a straight-line basis over eight years for financial reporting
purposes, and is a Class 8-20% asset for tax purposes.
Tax-exempt interest income of $60,000 was received in 2023.
The tax rate is 30% for all periods.
Taxable income is expected in all future years.
Wildhorse had 100,000 common shares outstanding throughout 2023.
(a)
Calculate the amount of capital cost allowance and depreciation expense for 2022 and 2023, and the corresponding carrying amount and undepreciated capital
cost of the depreciable assets at the end of 2022 and 2023.
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