Adams Bakery uses the modified half month convention to calculate depreciation expense in the year a

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
minus
−line method to compute depreciation expense.  On March​ 17, 2016, Adams acquired equipment at a cost of​ $200,000.  The equipment has a residual value of​ $40,000 and an estimated useful life of 6 years.  What amount of depreciation expense will be recorded for the year ending December​ 31, 2016?​ (Do not round any intermediate​ calculations, and your final answer to the nearest​ dollar.)

Post Merge: 7 years ago

The answer was C $20,000