Question: Sheffield Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $63000 that will produce an estimated 120000 units

Sheffield Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $63000 that will produce an estimated 120000 units over its useful life. Estimated salvage value at the end of its useful life is $3000. What is the depreciation cost per unit? $0.50 $5.25 $0.53 $5.00

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