questions.pdf Adobe Acrobat Reader DC Acct2-Chp 12 Assig. Chapter 12 Property, Plant and Equipment and Intangibles Malaspina Touring Company runs boat tours along the west coast of British Columbia. It pur- Problem 12-3A chased on March 5, 2011, for cash of $690,000, a cruising boat with a useful life of 10 years or Calculating depreciation 15-20 hours-with a residual value of $160,000. The company's year-end is December 31. partial periods Required LO2.3 Calculate depreciation expense for the fiscal years 2011, 2012, and 2013 by completing a Check figure: schedule with the following headings (round to the nearest whole dollar): DDB 2013 - 592,000 eXcel Depreciation Method Year Straight-Line Double-Declining-Balance Units-of-Production? Depreciation is calculated to the nearest month. 2 Assume actual hours of service were: 2011, 720, 2012, 1,780; 2013, 1,535. Analysis component: If you could ignore the matching principle, how could you record the purchase of the boat? What impact would this have on the financial statements in the short and long term