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On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $173,200. The machine's useful life
On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $173,200. The machine's useful life was estimated at four years or a total of 185,600 units with a $34,000 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:
Year2018201920202021Units39,80043,40054,10071,000
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