Mitzy's Muffins Ltd

question 19

Multiple Choice

Mitzy's Muffins Ltd.purchased a commercial baking system for $150,000 at the beginning of 20X1.The estimated economic life of the system is 10 years and Mitzy's uses straight-line amortization.At the beginning of 20X3,Delicious Bakeries Ltd.acquired Mitzi's in a business combination.At the time of acquisition,Mitzi's baking system had a fair value of $140,000.At the end of 20X3,how much amortization expense should Mitzi report?

• A)$0
• B)$14,000
• C)$15,000
• D)$17,500

---

Definitions:

Gender Stratification

The hierarchical distribution of social and economic resources according to gender.

Institutional Sexism

Discrimination based on gender that is entrenched in the policies, laws, and practices of organizations and institutions, leading to inequality.

Matriarchal Structure

A social organizational form where women hold positions of power, authority, and social importance.

Peer Relationships

Social connections among individuals of similar age or developmental level, which are crucial for emotional, social, and cognitive development.