Write the Unit Cost, Rounded to the Nearest Cent

question 73

Multiple Choice

Write the unit cost, rounded to the nearest cent.
-If 43 cheeseburgers cost $60.23, then one cheeseburger costs $1.4007.

• A)$1.30
• B)$1.40
• C)$1.50
• D)$60.23

---

Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.

Residual Value

The estimated value of an asset at the end of its useful life.

Component Depreciation

The practice of depreciating parts of an asset separately in order to more accurately reflect their useful lives and value.

Land Improvements

Enhancements made to a parcel of land to increase its value, such as landscaping, fencing, and paving.