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In the units of production method, depreciation expense is based on what?
In the units of production method, depreciation expense is based on what?
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In the units of production method, depreciation expense is based on what?
Time
Usage
Market value
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The units of production method calculates depreciation based on the actual usage or production of the asset.
Questions & Step-by-step Solutions
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Q
Q: In the units of production method, depreciation expense is based on what?
Solution:
The units of production method calculates depreciation based on the actual usage or production of the asset.
Steps: 5
Show Steps
Step 1: Understand that depreciation is the reduction in value of an asset over time.
Step 2: Learn that the units of production method is one way to calculate this depreciation.
Step 3: Know that this method focuses on how much the asset is used or produced.
Step 4: Realize that instead of time, depreciation is calculated based on the actual number of units produced or hours used.
Step 5: Conclude that the more the asset is used, the higher the depreciation expense will be.
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