Question
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,830. 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 $36,830. The printer is expected to have a four-year useful life and a $3,900 salvage value. The expected print production is estimated at $1,778,400 pages. Actual print production for the four years was as follows:
Year 1 552,900
Year 2 483,900
Year 3 384,000
Year 4 386,600
Total 1,807,400
The printer was sold at the end of Year 4 for $4,050. Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)
Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $ 0Step by Step Solution
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