Question
On January 2, 2021, Archer Company, a skateboard manufacturer, Installed a computerized machine In Its factory at a cost of $168,200. 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 $168,200. The machine's useful life was estimated at four years or a total of 189,600 units with a $26,000 trade-in value. Archer Company's year-end Is December 31.
Calculate deprecation for each year of the machine's estimated useful life under each of the following methods: (Do not round Intermedlate calculations.)
- Straight-line
- Double-declining-balance
- Units-of-production, assuming actual units produced were: Year
- Units 2021 39,000
2022
42,200
2023
53,300
2024
63,000
Year | Straight-Line | Double-Declining-Balance | Units-of-Production |
2021 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
Total |
|
|
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