Solved: Units of production method of cost allocation, Accounting Basics

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Units of production method of cost allocation

Problem:

You are asked to make a depreciation schedule for a business asset. A depreciation schedule shows the remaining value of the asset at the end of each time period.

Scenario: A $26,000 company car is expected to be driven for 120,000 miles and then salvaged for $3,500. Find the unit depreciation using the units-of-production method.

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Accounting Basics: Units of production method of cost allocation

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