West Coast Tours runs boat tours along the west coast of British Columbia. On March 5, 2023, 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 2023, 2024, and 2025 by completing a schedule. (Note: Depreciation is calculated to the nearest month. Assume actual hours of service were: 2023,880;2024,1,940;2025,1,695.)