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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 $912,000, having a useful life of 10 years or 16,950 hours, with a residual value of $234,000. 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: 2020,860 2021 1920. 2022, 1.675) Depreciation Method Straight Lino Double Declining Balance Year Units of Production 2020 2021 2022

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