Question
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $163,000. The machines useful life
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $163,000. The machines useful life was estimated at four years or a total of 180,000 units with a $37,000 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 Units
2021 40,100
2022 43,850
2023 54,400
2024 74,000
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