Question: On January 2 , 2 0 2 1 , Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of

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 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. Straight-line
b. Double-declining-balance
c. Units-of-production, assuming actual units produced were:
\table[[Year,2021,2022,2023,2024],[Units,40,000,43,700,54,300,73,000]]
\table[[Year,Straight-Line,Double-Declining-Balance Units-of-Production,],[2021,,,],[2022,,,],[2023,,,],[2024,,,],[Total,,,]]
 On January 2,2021, Archer Company, a skateboard manufacturer, installed a computerized

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!