Accounting Dictionary - Letter U

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Units-of-production depreciation
determines the useful life of an asset based on the expected units of production. Depreciation can be calculated by multiplying the cost per unit of production by the number of units produced during the accounting period. Cost per unit of production is determined by dividing the depreciable cost (i.e., cost less salvage value) by the total number of units expected to be produced over the fixed asset's useful life.
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