Using the Double-Declining Balance Method, Depreciation for 2009 and Book

question 90

Multiple Choice

Using the double-declining balance method, depreciation for 2009 and book value at December 31, 2009, would be:

• A)$22,500 and $22,500.
• B)$22,500 and $17,500.
• C)$20,000 and $25,000.
• D)$20,000 and $20,000.Depreciation in 2009 = $45,000 50% = $22,500 Book value, 12/31/09 = $45,000 22,500 = $22,500

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Definitions:

Continuous Problem Solving

A relentless, ongoing process of identifying, assessing, and addressing issues and problems as they arise in real-time.

Throughput

The rate at which a system generates goods or services over a certain period of time.

Reduced Inventory

Reduced inventory involves minimizing the amount of goods or materials held in stock to lower costs, reduce waste, and increase efficiency in production and distribution processes.

JIT

Just-In-Time, an inventory management strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.