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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $40,600. 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 $40,600. The printer is expected to have a four-year useful life and a $4,060 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:

Year 1 548,400
Year 2 477,300
Year 3 379,200
Year 4 385,300
Total 1,790,200

The printer was sold at the end of Year 4 for $4,310.

Required

Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.

Compute the depreciation expense for each of the four years, using units-of-production depreciation.

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

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