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 $172,400. The machines useful life was estimated at four years or a total of 180,000 units with a $32,000 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 39,600 43,100 53,900 69,000
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