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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

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, 2024, Adkins acquired equipment at a cost of $190,000. The equipment has a residual value of $40,000 and an estimated useful life of 3 years. What amount of depreciation expense will be recorded for the year ending December 31, 2024? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA. $25,000 B. $50,000 C. $41,667 OD. $37,500 Venus Corp. sold goods, with a selling price of $9,021, for cash. The state sales tax rate is 9%. What amount is credited to the Sales Revenue account? (Round calculations to the nearest dollar.) OA. $8,209 OB. $9,021 C. $812 OD. $9,833 A truck costs $313,000 and is expected to be driven 105,000 miles during its five-year life. Residual value is expected to be zero. If the truck is driven 30,000 miles during the first year, how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA. $89,400 OB. $29,800 OC. $63,150 OD. $89,250

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