2 100 and had accumula... A machine that cost $40,000 and had accumulated depreciation of $30,000 was traded in on a new machine, which had an estimated 20- year life and a cash price of $50.000. If a $7000 trade in allowance was received on the old machine, the new machine should be valued at West Coast Tours runs boat tours along the west coast of British Columbia On March 5, 2020, it purchased with cash, a cruising boat for $906,000, having a useful life of 10 years or 13.500 hours, with a residual value of $231000 The company's year-end is December 31 Required: Calculate depreciation expense for the fiscal years 2020 2021, and 2022 by completing a schedule. (Note Depreciation is calculated to the nearest month. Assume actual hours of service were: 2020, 850, 2021. 1910, 2022. 1665) Depreciation Method Straight line Double Declining Balance Units of Production 2020 2021 2022