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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

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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 $948,000, having a useful life of 10 years or 13,920 hours, with a residual value of $252,000. The company's year-end is December 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, 920; 2021, 1,980; 2022, 1,735.) Depreciation Method Straight-Line Double-Declining Balance Year Units-of- Production 2020 2021 2022

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