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 $174,200. The mochine's useful life was estimated at four years or a total of 186,500 units with a $25,000 trade-in value. Archer Company's yearend 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.) a. Stralght-line b. Double-declining-balance c. Units-of-production, assuming actual units produced were
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