On July 1,Hartford Construction Purchases a Bulldozer for $228,000

Essay

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 depreciation,and the bulldozer is expected to yield 26,500 operating hours.
a Calculate the depreciation expense per hour of operation.
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.