ABC Aerospace Inc Additional Information Includes the Following: - the Avionics Have a to Its

ABC Aerospace Inc. adheres to IFRS and applies component accounting to its major long-lived asset categories. Accordingly, the following data pertain to the company's fleet of test aircraft as at December 31, 2013 (in millions $) : $$\begin{array} { | l | l | l | l | } \hline \text { Category } & \text { Cost } & \text { Accum ulated Depreciation } & \text { Net Book Value } \\\hline \text { Avionics } & \$ 100 & \$ 48 & \$ 52 \\\hline \text { Fuselage \& Wings } & \$ 200 & \$ 120 & \$ 80 \\\hline \text { Aircraft E ngines } & \$ 20 & \$ 16 & \$ 4 \\\hline\end{array}$$ Additional information includes the following: - The avionics have a salvage value $2 and a remaining useful life of ten years and are depreciated on a straight-line basis.
- Both the fuselage and wings and aircraft engines are depreciated at a declining rate of 25%.
Assuming there were no acquisitions or disposals made, compute the depreciation expense for 2014 (in millions $) . Round your answers to the nearest whole dollar.

A) $80
B) $55
C) $31
D) $50