TB MC Qu. 08-42 (Algo) Harding Corporation acquired real estate... Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,185,000. Harding paid $630,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $666,000; Building, $1,980,000 and Equipment, $1,314,000. Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,130,000 units over its 5-year useful life and has a salvage value of $18,000. Harding produced 278,000 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 $209,268 $141,018 $172,963 $181,708 Prev 1 of 11 www Next >

B MC Qu, 08-42 (Algo) Harding Corporation acquired real estate... Harding Corporation acquired real estate that contained land, building and equlpment. The property cost Harding $2,185,000. Harding paid $630,000 and issued a note payable for the remainder of the cost. An Bppraisal of the property reported the following values: Land, \$666,000; Building. $1,980,000 and Equipment, $1,314,000. Assume that Hording uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment wili. produce 1,130,000 units over its 5 year useful life and has a salvage value of $18,000. Hadrding produced 278,000 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? Mutiple Cnoled 5209,268 $141,016 sin2.063 st17o B MC Qu, 08-42 (Algo) Harding Corporation acquired real estate... Harding Corporation acquired real estate that contained land, building and equlpment. The property cost Harding $2,185,000. Harding paid $630,000 and issued a note payable for the remainder of the cost. An Bppraisal of the property reported the following values: Land, \$666,000; Building. $1,980,000 and Equipment, $1,314,000. Assume that Hording uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment wili. produce 1,130,000 units over its 5 year useful life and has a salvage value of $18,000. Hadrding produced 278,000 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? Mutiple Cnoled 5209,268 $141,016 sin2.063 st17o