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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $37,930. 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 $37,930. The printer is expected to have a four-year useful life and a $3,900 salvage value. The expected print production is estimated at $1,774,900 pages. Actual print production for the four years was as follows: Year 1 553,300 Year 2 476,000 Year 3 383,600 Year 4 387,000 Total 1,799,900 The printer was sold at the end of Year 4 for $4,000. c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB Units-of-production
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