Using the Double-Declining Balance Method, Depreciation for 2014 and Book

question 100

Multiple Choice

Using the double-declining balance method, depreciation for 2014 and book value at December 31, 2014, 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.

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Definitions:

Direct Materials

The raw materials directly traceable to the manufacturing of a product and included in the cost of goods sold.

Administrative Staff

Employees responsible for the management and support of an organization, often handling tasks related to office work, clerical duties, and general administration.

Lean Business Model

An approach to business development that emphasizes creating value for customers with minimal waste and resources.