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On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $168,200. The machines useful life
On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $168,200. The machines useful life was estimated at four years or a total of 189,600 units with a $26,000 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 39,000 42,200 53,300 63,000
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