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On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $170,600. The machines useful life
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $170,600. The machines useful life was estimated at four years or a total of 179,500 units with a $27,000 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 | 2021 | 2022 | 2023 | 2024 | |||||
Units | 39,100 | 42,350 | 53,400 | 64,000 | |||||
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