Multiple Choice
Cordo Ltd. uses the units-of-production depreciation method. A new asset is purchased for $30,000 that will produce an estimated 90,000 units over its useful life. Estimated residual value is $3,000. What is the depreciable cost per unit?
A) $3.30
B) $3.00
C) $0.33
D) $0.30
Correct Answer:
Verified
Correct Answer:
Verified
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