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Turtle Island Tours purchased a new boat on April 6th for $270,000. The boat has a useful life of 7 years with a disposal value
Turtle Island Tours purchased a new boat on April 6th for $270,000. The boat has a useful life of 7 years with a disposal value estimated at $60,000. Using straight line depreciation, calculate the first year depreciation expense:
a) Using the Half-year Convention
b) Using the nearest Whole month
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