On July 1, Harding Construction purchases a bulldozer for $228,000. The equipment has an 8-year life with a residual value of $16,000. Harding uses straight-line depreciation. a1. Calculate the depreciation expense for the first year ending December 31. a2. Provide the journal entry for the first year ending December 31. If an amount box does not require an entry, leave it blank. Dec. 31 b. Calculate the third year's depreciation expense and provide the journal entry for the third year ending December 31. If an amount box does not require an entry, leave it blank. Dec. 31 c1. Calculate the last year's depreciation expense. c2. Provide the journal entry for the last year. If an amount box does not require an entry, leave it blank.

On July 1, Harding Construction purchases a bulldozer for $228,000. The equipment has an 8-year life with a residual value of $16,000. Harding uses straight-line depreciation. a1. Calculate the depreciation expense for the first year ending December 31. a2. Provide the journal entry for the first year ending December 31. If an amount box does not require an entry, leave it blank. Dec. 31 b. Calculate the third year's depreciation expense and provide the journal entry for the third year ending December 31. If an amount box does not require an entry, leave it blank. Dec. 31 c1. Calculate the last year's depreciation expense. c2. Provide the journal entry for the last year. If an amount box does not require an entry, leave it blank.

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Description: On July 1, Harding Construction purchases a bulldozer for $228,000. The equipment has an 8-year life with a residual value of $16,000. Harding uses straight-line depreciation.a1. Calculate the depreciation expense for the first year ending December

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 11E: On May 10, 2019, Horan Company purchased equipment for 25,000. The equipment has an estimated...

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