On July 1st, Harding Construction purchases a bulldozer for $228,000. The equipment has a 8 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 31st.

(b) Calculate the third year%u2019s depreciation expense and provide the journal entry for the third year ending December 31st.

(c) Calculate the last year%u2019s depreciation expense and provide the journal entry for the last year.

Answer rating: 100% (QA)

Answer Answer a Debit Depreciation expense 13250 Credit Accumulated depreciation 13250 Being e... View the full answer