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Question On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method of depreciation, and the bulldozer is expected to yield 26,500 operating hours.

a. Calculate the depreciation expense per hour of operation.

$ per hour

b. The bulldozer is operated 1,250 hours in the first year, 2,755 hours in the second year, and 1,225 hours in the third year of operations. Journalize the depreciation expense for each year.

Year 1

 

 

 

 

 

 

 

Year 2

 

 

 

 

 

 

 

Year 3

 

 

 

 

 

 

 

Apr 22 2020 Read more Less More

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