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Award: 10.00 points Problem 9-6A Calculating depreciation-partial periods LO2,3 West Coast...

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Accounting

Award: 10.00 points
Problem 9-6A Calculating depreciation-partial periods LO2,3
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 $930,000, having a useful life of 10 years or 11,450 hours, with a residual value of $243,000. 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 using half year convention. Assume actual hours of service were: 2023,890;2024,1,950;2025,1,705.
\table[[Depreciation Method],[Year,Straight-Line,\table[[Double-Declining],[Balance]],\table[[Units-of-],[Production]],],[2023,,,,],[2024,,,,],[2025,,,,]]
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