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Calculate depreciation expense for the fiscal years

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Problem - 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 $906,000, having a useful life of 10 years or 13,500 hours, with a residual value of $231,000. The company's year-end is December 31.

Required - Calculate depreciation expense for the fiscal years 2020, 2021, and 2022 by completing a schedule.

Reference no: EM132855105

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