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Item1 18 points Item 1 West Coast Tours runs boat tours...

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Accounting

Item1
18
points
Item 1
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 $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 2023,2024, and 2025 by completing a schedule. (Note: Depreciation is calculated using half year convention. Assume actual hours of service were: 2023,860; 2024,1,920; 2025,1,675.)

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