Problem 9-5A Calculating depreciation-partial periods LO 2, 3 West Coast Tours runs boat tours along...
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Problem 9-5A Calculating depreciation-partial periods LO 2, 3 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 5882,000, having a useful life of 10 years or 16,575 hours, with a residual value of $219,000. 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, 810, 2021. 1870, 2022, 1625) Depreciation Method Straight-Line Double Declining Units of Balance Production 2020 2021 2022 Year
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