On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $173,200. The machine's useful life was estimated at four years or a total of 185,600 units with a $34,000 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.) Straight-line Double- declining-balance Units-of-production, assuming actual units produced were:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On January 2, 2021, Archer Company, a
skateboard manufacturer, installed a
computerized machine in its factory at a
cost of $173,200. The machine's useful life
was estimated at four years or a total of
185,600 units with a $34,000 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.) Straight-line Double-
declining-balance Units-of-production,
assuming actual units produced were:
Transcribed Image Text:On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $173,200. The machine's useful life was estimated at four years or a total of 185,600 units with a $34,000 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.) Straight-line Double- declining-balance Units-of-production, assuming actual units produced were:
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