Accounting for IGCSE & O level - Accounting Procedures (Section 17 - No. 21)
Which of the following best describes the purpose of the units-of-production method?
To depreciate an asset based on its physical wear and tear
To depreciate an asset based on its usage or output
To depreciate an asset equally over its life
To recognize higher depreciation in the early years
Explanation
Units of production is based on its usage.
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