Exact Photo Service purchase a new color printer at the beginning of 2019 for $28,000. 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:

Year	Pages Printed
2018	390,000
2019	410,000
2020	400,000
2021	300,000

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

1. Compute the depreciation expense, accumulated depreciation and book value each year of the four years using the straight-line method.

2. Compute the depreciation expense, accumulated depreciation and book value each year of the four years, using the units-of-production method.

3. Calculate the amount of gain or loss from the sale of the asset.

4. Record the 2021 depreciation expense and sale of the printer in the horizontal statements model for both the straight-line and units-of-production methods:

Event	Assets			Liab	Equity	Rev	Exp	Net Inc.	Cash Flow
	Cash	Printer	Accum. Depr.
Straight-line Method
2021 Depreciation
Sale of Printer
Units-of-production Method
2021 Depreciation
Sale of Printer