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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,870. 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 $36,870. The printer is expected to have a four-year useful life and a $3,700 salvage value. The expected print production is estimated at $1.771,600 pages. Actul print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 551,000 478,200 384,900 387,500 1,801,600 Total The printer was sold at the end of Year 4 for $4,200. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. enter numbers only oss
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