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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,510. The printer is expected to have a four-year useful

Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,510. The printer is expected to have a four-year useful life and a $3,600 salvage value. The expected print production is estimated at $1,763,700 pages. Actual print production for the four years was as follows.

Year 1 549,000
Year 2 479,500
Year 3 375,500
Year 4 386,700
Total 1,790,700

The printer was sold at the end of Year 4 for $3,800.

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
Year 4
Total accumulated depreciation $0

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

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