West Coast Tours runs boat tours along the west coast of British Columbia. On March 5,...

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West Coast Tours runs boat tours along the west coast of British Columbia. On March 5, 2020, it purchased, with cash, a cruis

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Answer 1

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Answer #1

Calculate depreciation expense

Depreciation method
Year	Straight line	Double declining balance	Units of production
2020	69600*10/12 = 58000	94800020%10/12 = 158000	920*50 = 46000
2021	69600	31600+126400 = 158000	1980*50 = 99000
2022	69600	25280+101120 = 126400	1735*50 = 86750

Straight line Dep = (948000-252000/10) = 69600

Depreciation expense per unit = (948000-252000)/13920 = 50

Double decline rate = 100/10*2 = 20%

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Answer 2

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