Find the depreciation per unit. Round to the nearest cent.
-Cost: $19,000
Salvage: $1,900
Est. Life: 220,000 miles

Name: Find the depreciation per unit. Round to the nearest cent. -Cost: $19,000 Salvage: $1,900 Est. Life: 220,000 miles
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

The depreciation per unit is calculated by subtracting the salvage value from the cost and then dividing by the estimated life in miles: ($19,000 - $1,900) / 220,000 miles = $0.08 per mile.

Find the Depreciation Per Unit