On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its...
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Accounting
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $173,200. The machines useful life was estimated at four years or a total of 185,600 units with a $34,000 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:
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