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Fireworks City Information for 2012 and 2011 Is Presented Below

question 22

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Fireworks City Information for 2012 and 2011 is presented below for this company which uses the straight-line depreciation method.
 Property, plant and equipment  Accumulated depreciation Depreciation expense Net sales  Total assets 20122011$750,000$190,000100,00085,00062,50047,5001,000,000900,000625,000475,000\begin{array}{l}\begin{array}{lll}\\\text { Property, plant and equipment }\\\text { Accumulated depreciation }\\\text {Depreciation expense }\\\text {Net sales }\\\text { Total assets }\\\end{array}\begin{array}{lll} \underline{ 2012 }& \underline{ 2011 } \\ { \$750,000 } & { \$ 190,000 } \\100,000 & 85,000 \\ 62,500 & 47,500 \\ 1,000,000 & 900,000 \\ 625,000 & 475,000\end{array}\end{array}
-Refer to Fireworks City.Using the data for 2012,determine the average life of the company's property,plant,and equipment rounded to one decimal place.


Definitions:

EDD

Earliest Due Date, a scheduling method prioritizing tasks based on their due dates, aiming to minimize late jobs.

Dispatching Rule

A set of guidelines or criteria used for determining the sequence of tasks or the allocation of resources in a production process.

Flow Time

The total time a product spends in a manufacturing or service process from start to finish.

Work-In-Process

Items or components that are in the process of being manufactured but are not yet completed products.

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