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On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $174,200. The machines useful life

On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $174,200. The machines useful life was estimated at four years or a total of 186,500 units with a $25,000 trade-in value. Archer Companys year-end is December 31. Calculate depreciation for each year of the machines estimated useful life under each of the following methods: (Do not round intermediate calculations.)

  1. Straight-line
  2. Double-declining-balance
  3. Units-of-production, assuming actual units produced were:

Year 2018 2019 2020 2021
Units 38,900 42,050 53,200 62,000
image text in transcribed
Year Straight-Line Double-Declining-Balance Units-of-Production 2018 2019 2020 2021 Total

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