Exact Photo Service purchased a new color printer at the beginning of 2018 for $38,000. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:

2018...............................................390,000

2019...............................................410,000

2020...............................................420,000

2021...............................................300,000

Total............................................1,520,000

The printer was sold at the end of 2021 for $1,650.

Required

a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.

b. Compute the depreciation expense for each of the four years, using units-of-production depreciation.

c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.