How to calculate unit of production method with Example!
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Jul 21, 2023
The unit of production (UOP) method is a depreciation technique used to allocate the cost of an asset over its useful life based on the actual production or usage of the asset. It is commonly applied to assets where the wear and tear or obsolescence depend on the number of units produced or the level of activity rather than time. Here's how you can calculate depreciation using the unit of production method with an example:
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