15 Problem: Module 2 Textbook Problem 15 Learning Objectives: 0.5 moints 2-10 Calculate double-declining-balance depreciation and show how it affects financial statements 2-11 Calculate units-of-production depreciation and show how it affects financial statements . 2-12 Show how gains and losses on disposals of long-term operational assets affect financial statements Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,500. The printer is expected to have a four-year useful life and a $3,850 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 545,900 481,600 378,400 388,200 1,794,100 The printer was sold at the end of Year 4 for $4,150. 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. 15 C. Ldiluidle ule amount UI yalli UI IUSS II Ulule sale Ul uledssel uiuer talin UI Le uepieciLIOTT Melius. % Answer is not complete. 0.5 points Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round your intermediate calculations. Round final answers to the nearest whole dollar amount.) Double- Declining Balance 19,250 Year 1 Year 2 $ 9,625 Year $ 4,813 3 Year 4 S 2.406 X (Required A Required B >