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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,700. The printer is expected to year useful life and

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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,700. The printer is expected to year useful life and a $3,870 salvage value. The expected print production is estimated at 1,500,000 pages. Actual production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 551,800 480,800 377,400 388,300 1,798,300 The printer was sold at the end of Year 4 for $4,170. Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Complete this question by entering your answers in the tab: Required A Required B Required C Compute the depreciation expense for each of the four years, using your intermediate calculations. Round final answers to the nearest v Double-Declining Balance Year 1 Year 2 Year 3 Year 4

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