On January 2, 2018, Country Lumber installed a computerized machine in its factory at a cost of

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On January 2, 2018, Country Lumber installed a computerized machine in its factory at a cost of $168,000. The machine?s useful life was estimated at four years or a total of 190,000 units with a $35,000 trade-in value. Country Lumber?s year-end is December 31. Calculate depreciation for each year of the machine?s estimated useful life under each of the following methods:

a. Straight-line

b. Double-declining-balance

c. Units-of-production, assuming actual units produced were:

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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