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 $894,000, having a useful life of 10 years or 16,725 hours, with a residual value of $225,000. The company's yearend is December 31. Required: Calculate depreciation expense for the fiscal years 2020, 2021, and 2022 by completing a schedule. (Note: Depreciation is calculated using half year convention, Assume actual hours of service were: 2020, 830, 2021.1,890. 2022, 1,645) Units-of- Production Year 2020 2021 2022 Dapreciation Method Straight-Lino Double-Declining Balance $ 55,750 $ 66,900 $ 85.900