The Calculation for Annual Depreciation Using the Units-Of-Output Method Is

question 60

Multiple Choice

The calculation for annual depreciation using the units-of-output method is

• A)Depreciable cost / Estimated output × Actual yearly output
• B)Depreciable cost / Yearly output
• C)Initial cost / Estimated output × Actual yearly output
• D)Depreciable cost / Yearly output × Estimated output

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Definitions:

Proper Tender

The act of presenting an exact amount of money in the appropriate form as payment for a debt or obligation.

Endorsers Discharged

Refers to the situation where endorsers (persons who sign documents, typically negotiable instruments, to endorse them) are released from their obligations under the instrument.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a specified sum of money either on demand or at a specified future date.

Discharged Liability

Refers to a debt or obligation that has been fulfilled, canceled, or extinguished, relieving the debtor of any further responsibility.