Fireworks City Information for 2012 and 2011 Is Presented Below

question 22

Multiple Choice

Fireworks City Information for 2012 and 2011 is presented below for this company which uses the straight-line depreciation method.
$\begin{array}{l}\begin{array}{lll}\\\text { Property, plant and equipment }\\\text { Accumulated depreciation }\\\text {Depreciation expense }\\\text {Net sales }\\\text { Total assets }\\\end{array}\begin{array}{lll} \underline{ 2012 }& \underline{ 2011 } \\ { \$750,000 } & { \$ 190,000 } \\100,000 & 85,000 \\ 62,500 & 47,500 \\ 1,000,000 & 900,000 \\ 625,000 & 475,000\end{array}\end{array}$
-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.