View source for Units-of-production method

[[Units-of-production method]] is a depreciation method that is based on usage and not on time. An example of units of production is the numbers of shoes a machine could produce in its expected useful life.


==Definitions==
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
:[[Units-of-production method]]. A depreciation method that is based on usage and not on time. An example of units of production is the numbers of shoes a machine could produce in its expected useful life.

==Related concepts==
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].

==Related coursework==
*[[Principles of Accounting]]. 

[[Category: Accounting]][[Category: Articles]]