Using the Double-Declining Balance Method, Depreciation for 2010 and Book

question 23

Multiple Choice

Using the double-declining balance method, depreciation for 2010 and book value at December 31, 2010, would be:

• A)$10,000 and $5,000.
• B)$10,000 and $10,000.
• C)$11,250 and $6,250.
• D)$11,250 and $11,250.Depreciation in 2010 = [($45,000 (45,000 50%)] 50% = $11,250 Book value, 12/31/10 = $45,000 22,500 11,250 = $11,250

Recognize period costs as either selling expenses or administrative expenses.

Understand the role of direct materials and direct labor in manufacturing.

Identify the various types of factory overhead expenses.

Recognize the significance of cost allocation in managerial accounting.

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