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Problem 9-5A Calculating depreciationpartial periods LO2,3 West Coast Tours runs boat tours along...

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Accounting

Problem 9-5A Calculating depreciationpartial 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 $906,000, having a useful life of 10 years or 13,500 hours, with a residual value of $231,000. The companys 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: 2023,850; 2024,1,910; 2025,1,665.)

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