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Exact Photo Service purchased a new color printer at the beginning of 2018 for $39,100. The printer is expected to have a four-year useful life
Exact Photo Service purchased a new color printer at the beginning of 2018 for $39,100. The printer is expected to have a four-year useful life and a $1,564 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
2018 | 547,200 |
2019 | 484,200 |
2020 | 379,900 |
2021 | 385,300 |
Total | 1,796,600 |
The printer was sold at the end of 2021 for $1,914.
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Compute the depreciation expense for each of the four years, using units-of-production depreciation.
Units-of-production 2018 ? 2019 ? 2020 ? 2021 ?
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