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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,600. 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 $38,600. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,788,000 pages. Actual print production for the four years was as follows:
Year 1 | 554,500 | ||
Year 2 | 481,600 | ||
Year 3 | 384,200 | ||
Year 4 | 388,700 | ||
Total | 1,809,000 | ||
The printer was sold at the end of Year 4 for $3,550.
Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.
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