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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,800. 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 $38,800. The printer is expected to have a four-year useful life and a $3,880 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 554,300 477,700 376,000 392,900 1,800,900 The printer was sold at the end of Year 4 for $4,230. 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 C Compute the depreciation expense for each of the four years, using double-decli intermediate calculations. Round final answers to the nearest whole dollar amou Double-Declining Balance Year 1 Year 2 Year 3 Year 4 Required A Required B Required C Compute the depreciation expense for each of the four years, three decimal places. Round other intermediate calculations a Units-of- Production ear 1 Fear 2 ear 3 Pear 4
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