2. EX 09.197On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method of depreciation, and the bulldozer is expected to yield 26,500 operating hours.a. Calculate the depreciation expense per hour of operation.per hourb. 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 blank.Year 1Year 2Year 3 1. EX.09.195Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 at the end of their 4-year service life. Golden Sales managers want to evaluate the options of depreciation.al. Compute the annual straight-line depreciation.a2. Provide the sample depreciation journal entry to be posted at the end of each of the years. If an amount box does not reguire an entry, leave it blank.Dec. 31b. Prepare the journal entries for each year of the service life for these assets using the double-declining balance method. If an amount box does not require an entry, leave it blank.Year 1, Dec. 31Year 2, Dec. 31Year 3, Dec. 31Year 4, Dec. 31

Under units of output method, depreciation is calculated on the basis of the number of hours. Under…

EX.09.197 July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method of depreciation, and the bulldozer is expected to yield 26,500 operating hours. Calculate the depreciation expense per hour of operation. per hour -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 blank. fear 1 Year 2 Year 3

EX.09.197 July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method of depreciation, and the bulldozer is expected to yield 26,500 operating hours. Calculate the depreciation expense per hour of operation. per hour -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 blank. fear 1 Year 2 Year 3

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 1CP

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Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 at the end of their 4-year service life. Golden Sales managers want to evaluate the options of depreciation. a) Compute the annual straight-line depreciation and provide the sample depreciation journal entry to be posted at the end of each of the years.
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