please solve correct and complete with working thanks On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machin $158,000. The machine's useful life was estimated at four years or a total of 187,500 units with a $ Company's year-end is December 31. Calculate depreciation for each year of the machine's estimated useful life under each of the folla intermediate calculations.) a. Straight-line b. Double-declining-balance c. Units-of-production, assuming actual units produced were: Year Units Year 2021 2022 2023 2024 Total 2021 38,700 2022 41,750 2023 53,000 2024 60,000 Straight-Line Double-Declining-Balance
Depreciation Methods
The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.
Depreciation Accounting
In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.
please solve correct and complete with working thanks
On January 2, 2021, Archer Company, a skateboard manufacturer, installed a computerized machin
$158,000. The machine's useful life was estimated at four years or a total of 187,500 units with a $
Company's year-end is December 31.
Calculate
intermediate calculations.)
a. Straight-line
b. Double-declining-balance
c. Units-of-production, assuming actual units produced were:
Year
Units
Year
2021
2022
2023
2024
Total
2021
38,700
2022
41,750
2023
53,000
2024
60,000
Straight-Line Double-Declining-Balance
Units-of-Production
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