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On July 1, Hartford Construction purchases a bulldozer for $220,000. The equipment has a 9-year life with a residual value of 516,000 Hartford uses the
On July 1, Hartford Construction purchases a bulldozer for $220,000. The equipment has a 9-year life with a residual value of 516,000 Hartford uses the units-of-activity method of depreciation, and the bulldozer is expected to yield 26,500 operating hours a. Compute the depredation 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. If an amount box does not require an entry leave it bank. Year: Year 2 Year 3
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