Find the Depreciation Per Unit

question 4

Multiple Choice

Find the depreciation per unit. Round to the nearest cent.
-Cost: $655,000
Salvage: $65,500
Est. Life: 62,000 hours

• A)$9.51
• B)$105.60
• C)$10.56
• D)$95.10

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Definitions:

Interest-Bearing Notes

Interest-bearing notes are debt securities issued by entities that accrue interest over time, payable to the holder at maturity or periodically before then.

Bonds

Debt securities issued by corporations or governments to raise funds, promising to repay the borrowed amount plus interest to bondholders.

Convertible Bonds

Bonds that permit bondholders to convert them into common stock at the bondholders’ option.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.