Examlex
Research literature refers to __________.
Units-Of-Production Method
A depreciation method in which an asset's cost is allocated based on the number of units it produces.
Salvage Value
Salvage value is the estimated residual value of an asset at the end of its useful life.
Units-Of-Production Method
A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces.
Depreciation Expense
The allocated amount of an asset's cost over its useful life, representing how much of the asset's value has been used in a given fiscal period.
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