Essay
On July 1, Harding Construction purchases a bulldozer for $228,000. The equipment has an eight-year life with a residual value of $16,000. Harding uses straight-line depreciation.
(a) Calculate the depreciation expense and provide the journal entry for the first year ending December 31.
(b) Calculate the third year's depreciation expense and provide the journal entry for the third year endingDecember 31.
(c) Calculate the last year's depreciation expense and provide the journal entry for the last year.
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Annual depreciation is:? 
(a) First-year...View Answer
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(a) First-year...View Answer
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