Question
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $37,310. 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 $37,310. The printer is expected to have a four-year useful life and a $4,000 salvage value. The expected print production is estimated at $1,773,100 pages. Actual print production for the four years was as follows:
Year 1 | 549,200 | ||
Year 2 | 477,100 | ||
Year 3 | 378,300 | ||
Year 4 | 393,500 | ||
Total | 1,798,100 | ||
The printer was sold at the end of Year 4 for $4,450.
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.)
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