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What amount of depreciation expense will be recorded

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Question - 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 $210,000. The equipment has a residual value of $45,000 and an estimated useful life of 8 years. What amount of depreciation expense will be recorded for the year ending December 31, 2024?

Reference no: EM133121935

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