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

question 186

Essay

On July 1, Harding Construction purchases a bulldozer for $228,000. The equipment has an 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 31.
(b) Calculate the third year's depreciation expense and provide the journal entry for the third year ending
December 31.
(c) Calculate the last year's depreciation expense and provide the journal entry for the last year.

---

Definitions:

Mountain Meadows Massacre

An 1857 event where members of the Mormon militia in southern Utah killed around 120 emigrants from the Baker-Fancher wagon train.

Polygamist

An individual who is married to more than one spouse at the same time, a practice allowed in some cultures and religions but illegal in many countries.

White Settlers

Individuals of European descent who settled in lands outside Europe, often displacing indigenous populations, during periods of exploration and colonial expansion.

Indian Tribes

Indigenous peoples of the Americas, organized into societies or communities sharing common territories, customs, and cultural traits.