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On January 2, 2018, Archer Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost
Posted: Sun Jun 05, 2022 6:34 pm
by answerhappygod
- On January 2 2018 Archer Company A Skateboard Manufacturer Installed A Computerized Machine In Its Factory At A Cost 1 (28.01 KiB) Viewed 65 times
On January 2, 2018, Archer
Company, a skateboard manufacturer, installed a computerized machine in its factory at a cost of $160,500. The machine's useful life was estimated at four years or a total of 185,000 units with a $31,000 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.) a. Straight-line b. Double-declining-balance c. Units-of-production, assuming actual units produced were: 2020 2021 Year Units 2018 2019 39,500 42,950 53,300 68,000 Straight Line Double-Declining-Balance Units-of-Production Year 2018 2019 2020 2021 Total 27