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 $924,000, having a useful life of 10 years or 15,200 hours, with a residual value of $240,000. 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, 880, 2021, 1,940, 2022, 1,695) Depreciation Method Double-Declining Year 2020 2021- $ Straight-Line Balance Units-of- Production S 57,000 $ 154,000 $ 396 68,400 $ 154,000 $ 8,730 2022 $ 68,400 S 123,200 7627