7 Part 1 of 2 4 points eBook Required information Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following information applies to the questions displayed below.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,380. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,775,100 pages. Actual print production for the four years was as follows. Year 1 548,200 Year 2 481,300 Hint Year 3 383,400 Year 4 389,200 Print Total References 1,802,100 The printer was sold at the end of Year 4 for $3,850. Exercise 8-10A (Algo) Part a Required: a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2 Year 3 00 8 Part 2 of 2 4 points Required information Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,380. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,775,100 pages. Actual print production for the four years was as follows. Year 1 Year 2 548,200 eBook Hint 481,300 Year 3 383,400 Print Year 4 389,200 References Total 1,802,100 The printer was sold at the end of Year 4 for $3,850. Mc Graw Hill Exercise 8-10A (Algo) Part c c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Double Declining Balance Units of Production 9 < Prev 8 of 15 Next >