Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42.600. The printer is expected to have a four-year useful life and a $4.260 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 Year 4 Total 552,700 482,200 376.000 391,100 1,802,000 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 Answer is complete but not entirely correct. 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 21 300 $ IS 10.550 Year 1 Your 2 Year 3 Year $ 5.325 $ 1060 % Required A Required 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.) Year 1 Year 2 Year 3 Year 4 Units of Production $ 11.759 $ 10 259 % $ 8,000 $ 8,322 Heatwave Gaming develops, markets, and publishes electronic games. ZipTrain is one of the largest railway networks in the nation, with over 27,000 miles of railroads. The following data were taken from each of the companies December 31, 2017, annual reports. Revealing which data relate to which company was intentionally omitted. The dollar amounts are in millions Company 1 Company 2 $ 8,170 $1,903,400 Depreciation costs Net Earnings 96,431 1,282,152 Property, plant, and equipment 2,535,624 Sales 57,465 Current assets 880 363 3,033 19,915 24,863 Total assets 339,175 Required 6. Calculate depreciation costs as a percentage of sales for each company. (Round your percentage answers to 2 decimal places (ie, 0.0123 is entered as 1.23%).) b. Calculate property, plant, and equipment as a percentage of total assets for each company. (Round your percentage answers to 2 decimal places (i.e., 0.0123 is entered as 1.23%).) c. Based on the information now available to you, which company is Ziptrain? d. Which company appears to be using its assets most efficiently? Answer is complete but not entirely correct. Company 1 Company 2 Depreciation based on sales 10.17 302 % Percentage of plant to total assets 1463 3303 Based on the information now wvailable to you, which company is Company 1 Ziptrain? b C
