______________________________ Is the Time It Takes from When Authorization Is

question 45

Short Answer

______________________________ is the time it takes from when authorization is made for goods to be produced to when the goods are completed.

---

Definitions:

Residual Value

The estimated value of an asset at the end of its useful life.

Depreciation

The method of distributing the expense of a physical asset throughout its life span.

Double-Declining-Balance

An accelerated method of depreciation where an asset loses value at double the rate of the straight-line depreciation method.

Residual Value

The estimated salvage value of an asset at the end of its useful life, used in calculating depreciation.