Question: On January 2, 2018, Country Lumber installed a computerized machine in its factory at a cost of $168,000. The machines useful life was estimated at
- On January 2, 2018, Country Lumber installed a computerized machine in its factory at a cost of $168,000. The machines useful life was estimated at four years or a total of 190,000 units with a $35,000 trade-in value. Country Lumbers year-end is December 31. Calculate depreciation for each year of the machines estimated useful life under each of the following methods:
- Straight-line
- Double-declining-balance
- Units-of-production, assuming actual units produced were:
| Year | 2018 | 2019 | 2020 | 2021 | ||||||||||||||||||||||||||
| Units | 39,900 | 43,550 | 54,200 | 72,000 | ||||||||||||||||||||||||||
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