Assume that the annual property taxes on a home are $1,380; that the home is being sold as of May 1; and that the taxes for the current year have been paid. If the buyer and seller agree to prorate the property taxes as of the sale date, the buyer's portion of the taxes would be most nearly:

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 $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? (Round your answer to the nearest dollar.)

A) $26,667 B) $22,222 C) $20,000 D) $13,333

A disadvantage of the traditional SDLC is that it does not work well with global and virtual teams

Indicate whether the statement is true or false