Adkins Bakery Uses the Modified Half-Month Convention to Calculate Depreciation

question 128

Multiple Choice

Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sold. Adkins has a calendar year accounting period and uses the straight-line method to compute depreciation expense. On March 17, 2018, Adkins acquired equipment at a cost of $220,000. The equipment has a residual value of $43,000 and an estimated useful life of 4 years. What amount of depreciation expense will be recorded for the year ending December 31, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $44,250
• B) $36,875
• C) $33,188
• D) $22,125

Understand the basic differences between the life cycles of mosses, ferns, liverworts, ginkgoes, and gnetophytes.

Describe the life cycle stages of ferns including the transition from zygote to sporophyte and gametophyte.

Identify the characteristics of the gametophyte generation in gymnosperms and how it differs from other plant groups.

Differentiate between the roles of seeds and spores in plant reproduction.

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Definitions:

Ethyne

A hydrocarbon with the chemical formula C2H2, characterized by a triple bond between two carbon atoms, making it the simplest alkyne.

Acetylene

A colorless, flammable gas, C2H2, used as a fuel and a building block for organic synthesis, known for its high flame temperature when burned in oxygen.

Covalently Bonded

Atoms connected by bonds formed when they share one or more pairs of electrons.

Molecule

A molecule is a group of two or more atoms bonded together, representing the smallest fundamental unit of a chemical compound that can take part in a chemical reaction.