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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

Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.

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