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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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