cos Part B On July 1, 2020, Sully Sailing Co purchased a boat for S130,000. The company expects to boat to last for four-years or 20,000 hours and it will have a residual value of $15,000. Serenity has a December 31 year end. The boat actually travelled the following hours over its life: 2,000 2020: 6,000 km in 2021: 7,000 km in 2022; 4,500 km in 2023 and 3,000 in 2024. Complete the depreciation tables for the methods indicated for Sully Sailing Co. (iii) DOUBLE DIMINISHING-BALANCE DEPRECIATION (5 marks) .......... End of Year Year Carrying Amt. Beginning of Year * 13000 Carrying Amt. Acc. Deprec. 2020 2021 130 000 Deprec Deprec Exp. Rate = 30% 22 32500 48750 50% 24375 50% 12187.5 50% x 2 9375 2022 2023 L2024 48750 24375 12187.5% 32500 97500 81250 48 750. 105625 24375 1178 12 80 12 187.50 115000 15000