Question
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,750. The printer is expected to have a four-year
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,750. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,773,300 pages. Actual print production for the four years was as follows: Year 1 546,700 Year 2 482,200 Year 3 377,200 Year 4 Total 392,200 1,798,300 The printer was sold at the end of Year 4 for $3,550. b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.) Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation Depreciation Expense
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