On July 1st, Harding Construction purchases a bulldozer for $228,000. The equipment has a 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 31st.

(b) Calculate the third year%u2019s depreciation expense and provide the journal entry for the third year ending December 31st.

(c) Calculate the last year%u2019s depreciation expense and provide the journal entry for the last year.

17.

a. Debit Depreciation expense $13,250

   Credit Accumulated depreciation  $13,250

   Being entries to record depreciation expense

b. Debit Depreciation expense $26,500

   Credit Accumulated depreciation  $26,500

   Being entries to record depreciation expense

c. Debit Depreciation expense $13,250

   Credit Accumulated depreciation  $13,250

   Being entries to record depreciation expense

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Annual Depreciation = (Cost - Salvage value)/Estimated useful life

= ($228,000 - $16,000)/8

= $26,500

First year depreciation is for 6 months, this is

= $26,500/2

= $13,250

Depreciation expense for the last year would also be for 6 months only

what types of rivers

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol