   Chapter 17.I, Problem 25RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Complete Exercises 25-30 as they relate to the units-of-production method of depreciation. Round to the nearest tenth of a cent when necessary. Salvage Units of Depreciation Asset Cost Value Useful life per Unit Pump $15,000$2,800 100,000 gallons $.122 To determine To calculate: The depreciation per unit for pump using units-of-production method when the cost of pump is$15,000 and expected useful life of 100,000 gallons. The residual value of pump is $2,800. Explanation Given Information: The cost of pump is$15,000 and expected useful life of 100,000 gallons. The residual value of pump is $2,800. Formula used: The depreciation per unit is: Depreciation per unit=CostSalvage valueUnits of useful life Calculation: Consider the cost of pump is$15,000 and expected useful life of 100,000 gallons. The residual value of pump is \$2,800

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