Exact Photo Service purchased a new color printer at the beginning of Year 1 for $41,200. The printer is expected to have a four-year useful iffe and a $4,120 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: The printer was sold at the end of Year 4 for $4,320. Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. b. Compute the depreciotion 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 beiow. Compute the depreciation expense for each of the four years, using double-decining-balance depreciation. (Do not. round your intermodiote calculations. Round final answers to the nearest whoie dollar amount.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $41,200. The printer is expected to have a four-year useful life and a $4,120 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows. The printer was sold at the end of Year 4 for $4,320. Required a. Compute the depreciation expense for each of the four years, using double-declining-bolance 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. Compute the deprecation expense for each of the four years, using units-of-production depreciation. (Round cost per unit t three decimal places. Round other intermediate calculations and your final answers to the nearest dollar.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $41,200. The printer is expected to have a four-year useful life and a $4,120 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: The printer was sold at the end of Year 4 for $4,320 Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciotion. b. Compute the depreclation 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. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. (Amounts to be deducted should be indicated with minus sign-)
