Vickers Ltd

question 65

Multiple Choice

Vickers Ltd.uses the units-of-production depreciation method.A new asset is purchased for $27,000 that will produce an estimated 125,000 units over its useful life.Estimated residual value is $2,000.What is the depreciable cost per unit?

• A)$2.20
• B)$2.16
• C)$0.22
• D)$0.20

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Definitions:

PVR

Stands for Personal Video Recorder, a device that records and stores television programs to a hard drive or other media for later viewing.

Hockey Game

A competitive sport played on ice (or field, in variation) in which two teams use sticks to hit a puck (or ball) into the opposing team's goal.

Mnemonic Devices

Techniques a person can use to help them improve their ability to remember something, often by enhancing the memory through vivid associations.

Concrete Words

Words that refer to objects, actions, or events that can be directly perceived by the senses, making them easier to visualize or understand.