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a-c please! Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42,100. The printer is expected to have a
a-c please!
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42,100. The printer is expected to have a four-year useful life and a $4,210 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 550.800 475,200 375,800 394,800 1,796,600 The printer was sold at the end of Year 4 for $4.460. 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 sole of the asset under each of the depreciation methods. Complete this question by entering your answers in the tabs below. Required A Required B Required 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 $ Year 1 Year 2 $ $ 21.050 10,525 5,263 Year 3 Year 4 Check my work Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42,100. The printer is expected to have a four-year useful life and a $4,210 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 550.800 475,200 375,800 394,800 1.796,600 The printer was sold at the end of Year 4 for $4,460. 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. Complete this question by entering your answers in the tabs below. Required A Requted B Required Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places. Round other intermediate calculations and your final answers to the nearest dollar.) Units-of- Production Year 1 Year 2 Year 3 Year 4 T Check my work Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42,100. The printer is expected to have a four-year useful life and a $4,210 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 550,800 475,200 375,800 394 800 1,796,600 The printer was sold at the end of Year 4 for $4,460. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required a Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. (Amounts to be deducted should be indicated with minus sign.) Depreciation Methods Amount Effect Double-Declining Balance Units-of-Production Step by Step Solution
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