depreciable asset ccost $790,000. salavage value $15,000 calculate the yearly depreciation under the units of production...
Homework Answers
Depreciable asset cost = $790,000.
Salvage value = $15,000
Useful life = 15,000 units
Units produced in the current year = 2,000
Depreciation per unit = (Depreciable asset cost - Salvage value)/Useful life
= (790,000 - 15,000)/15,000
= 775,000/15,000
= $51.6666666667
Yearly depreciation = Depreciation per unit x Units produced in the current year
= $51.6666666667 x 2,000
= $103,333
Exact answer may slightly differ due to rounding off.
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