Accounting · Depreciation
Which depreciation method is generally most suitable for assets like mining machinery or oil drilling equipment, where the asset's wear and tear is directly proportional to its operational output rather than time?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Units of Production Method (UPM)✓
- 2Sum of the Years' Digits Method
- 3Diminishing Balance Method (WDV)
- 4Straight Line Method (SLM)
Correct answer
Units of Production Method (UPM)
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