Adams Bakery Uses the Modified Half Month Convention to Calculate

question 54

Multiple Choice

Adams Bakery uses the modified half month convention to calculate depreciation expense in the year an asset is purchased or sold.Adams has a calendar year accounting period and uses the straight-line method to compute depreciation expense.On March 17,2016,Adams acquired equipment at a cost of $130,000.The equipment has a residual value of $44,000 and an estimated useful life of 6 years.What amount of depreciation expense will be recorded for the year ending December 31,2016? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$14,333
• B)$11,944
• C)$10,750
• D)$7,167

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Definitions:

Control Theory

A theory in sociology and criminology that explains individual compliance with social norms and laws through the presence of strong bonds with society that encourage self-control.

Deviant Behaviour

Actions or behaviors that violate societal norms or expectations, often drawing social condemnation or corrective measures.

Cultural Goals

Societal norms and values that dictate the aspirations and desirable achievements for its members, influencing behavior and social structure.

Social Reality

The experiences, beliefs, and values that humans share and use to define social phenomena and construct their understanding of the world.