Adams Bakery Uses the Modified Half Month Convention to Calculate

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-line method to compute depreciation expense.On March 17,2016,Adams acquired equipment at a cost of $130,000.The equipment has a residual value of $44,000 and an estimated useful life of 6 years.What amount of depreciation expense will be recorded for the year ending December 31,2016? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

A) $14,333
B) $11,944
C) $10,750
D) $7,167