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its urgently Problem 9-5A Calculating depreciation-partial periods LO 2, 3 West Coast Tours runs boat tours along the west coast of British Columbia. On March
its urgently
Problem 9-5A Calculating depreciation-partial periods LO 2, 3 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 $858,000, having a useful life of 10 years or 26,040 hours, with a residual value of $207,000. 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, 770; 2021, 1,830; 2022, 1,585.) Depreciation Method Double-Declining Straight-Line Balance Units-of- Production Year 2020 2021 2022Step by Step Solution
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