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Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,000. 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 $42,000. The printer is expected to have a four-year useful life and a $1,680 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
2018 | 553,200 |
2019 | 475,700 |
2020 | 383,700 |
2021 | 388,000 |
TOTAL | 1,800,600 |
The Printer was sold at the end of 2021 for $1,980
Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places. Round your final answers to nearest dollar amount.)
Units of Production | |
2018 | $ |
2019 | $ |
2020 | $ |
2021 | $ |
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