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On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $150,100. The machine's useful life
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $150,100. The machine's useful life was estimated at four years or a total of 185,000 units with a $28,000 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.) a. Straight-line b. Double-declining-balance c. Units-of-production, assuming actual units produced were: Year Units 2021 2822 2823 39,200 42,500 53,500 2024 65,000 Year Straight-Line Double-Declining-Balance Units-of-Production 2021 2022 2023 2024 Total
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