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Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1.900.000. Harding pald $525,000 and issued a note payable for

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Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1.900.000. Harding pald $525,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, s555.000, Building $1.650,000 and Equipment, $1,095.000. (Round your intermediate percentages to the nearest whole number: ie 0.054231-5%. Do not round ony other intermediate calculations.) Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,100,000 units over its 5-year useful ife and has salvage value of $18,000 Harding produced 275,000 units with the equipment by the end of the first year of purchase Which amount below is closest to the amount Harding will record for depreciation expense for the equipment in the first year? Multiple Choice $152.250 $269.25 Multiple Choice $152,250 $269,250 $273,750 $142.500

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