Item2 Time Remaining 29 minutes 5 seconds00:29:05 Item 2 Time Remaining 29 minutes 5 seconds00:29:05 Ocean Fishers Ltd had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2015, for $114,000. The PPE subledger shows the following information regarding the boat: Fishing Boat 22 Foot with Inboard Motor: Component Date of Purchase Deprec. Method Cost Est. Residual Est.Life Fibreglass body Apr. 9/15 SL $ 42,000 $ 9,000 15 yr Motor Apr. 9/15 SL 72,000 -0- 10 yr $ 114,000 On June 27, 2023, $78,000 cash was paid for a new motor to