Units of Production Depreciation Definition - What is Units

Units of production depreciation definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Units of production depreciation can be defined as: Method that charges a varying amount to depreciation expense for each period of an asset’s useful life depending on its usage. Units of production depreciation is less common then straight line depreciation or double declining balance depreciation because units of production depreciation require more information and more work but units of production depreciation is often more accurate than straight line depreciation or double declining depreciation because units of production uses a cost driver to drive the allocation of cost rather than using time. This is similar to using miles driven rather than time to determine the value of a used car. The number of miles driven may be a more telling factor then age.
Why Learn Accounting - Financial Accounting / Managerial Accounting
101 Double Entry Accounting System Explained - Accounting Equation
101 Cash vs Accrual - Cash Method / Accrual method differenc
101 Revenue Recognition Principle
Double Entry Accounting System Explained - Balance Sheet
101 Income Statement Introduction
101 Accounting Objectives - Relevance Reliability Comparability
101 Transaction Rules - Accounting Equation
101 Transaction Throught Process / Steps - Accounting Equation
101 Owner Deposits Cash Transaction Accounting Equation
101 Work Completed for Cash Transaction Accounting Equation
100.110 Pay Employee with Cash Transaction Accounting Equati
200 Debits & Credits Normal Balance - Double Entry Accounting Sy
200 Debits & Credits - One Rule to Rule Them All