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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,900. 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 $38,900. The printer is expected to have a four-year useful life and a $3,890 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 | 550,500 |
Year 2 | 476,500 |
Year 3 | 379,000 |
Year 4 | 390,200 |
Total | 1,796,200 |
The printer was sold at the end of Year 4 for $4,240.
Required
Compute the depreciation expense for each of the four years, using units-of-production depreciation.
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