Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,940. The printer is expected to have a four-year useful life and a $3,700 salvage value. The expected print production is estimated at $1,772,200 pages. Actual print production for the four years was as follows: Year 1 545,100 Year 2 482,300 Year 3 384,800 Year 4 387,000 Total 1,799,200 The printer was sold at the end of Year 4 for $3,900.