On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in...
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Accounting
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $176,600.
The machine's useful life was estimated at four years or a total of 190,000 units with a $36,000 trade-in value. Archer Company's year-end is December 31
Calculate depreciation for each year of the machine's estimated useful life under each of the following methods: (Do not round intermediate calculations.)
Straight-line
Double-declining-balance
Units-of-production, assuming actual units produced were:
Yean
Units
2021
40,000
2022
43,700
2023
54,300
2024
73,000
Year
2021
2022
2023
2024
Totall
Straight-Line
Double-Declining-Balance Units-of.Production
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