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On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $163,800. The machines useful life
On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $163,800. The machines useful life was estimated at four years or a total of 186,400 units with a $24,000 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.)
- Straight-line
- Double-declining-balance
- Units-of-production, assuming actual units produced were:
Year | 2018 | 2019 | 2020 | 2021 | |||||
Units | 38,800 | 41,900 | 53,100 | 61,000 | |||||
Year Straight-Line Double-Declining-Balance Units-of-Production 2018 2019 2020 2021 Total
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