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On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in...

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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 $176,600.

The machine's useful life was estimated at four years or a total of 190,000 units with a $36,000 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.)

  1. Straight-line
  2. Double-declining-balance
  3. Units-of-production, assuming actual units produced were:

Yean

Units

2021

40,000

2022

43,700

2023

54,300

2024

73,000

Year

2021

2022

2023

2024

Totall

Straight-Line

Double-Declining-Balance Units-of.Production

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