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

question 14

Essay

On July 1st, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9 year life with a residual value of $16,000. Hartford uses units-of-production method depreciation and the bulldozer is expected to yield 26,500 operating hours.
(a) Calculate the depreciation expense per hour of operation.
(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.

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Definitions:

Temperament

The innate or genetically influenced aspect of an individual's personality, such as mood or emotional reactivity.

Ego

In psychoanalytic theory, it represents the part of the personality that mediates between the demands of the id, the superego, and reality.

Humanist

A person or scholar who focuses on the study of the humanities, emphasizing the value and agency of human beings.

Behaviorist

A psychologist or researcher who studies behavior through the lens of behaviorism, a theory of learning based on the idea that all behaviors are acquired through conditioning.