On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $172,400. The machine's useful life was estimated at four years or a total of 180,000 units with a $32,000 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: Year 2018 2019 2020 2021 Units 39,600 43,100 53,900 69,000

On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $172,400. The machine's useful life was estimated at four years or a total of 180,000 units with a $32,000 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: Year 2018 2019 2020 2021 Units 39,600 43,100 53,900 69,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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