Question
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,080. 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 $35,080. The printer is expected to have a four-year useful life and a $3,900 salvage value. The expected print production is estimated at $1,782,200 pages. Actual print production for the four years was as follows:
Year 1 | 550,500 | ||
Year 2 | 484,600 | ||
Year 3 | 383,000 | ||
Year 4 | 385,100 | ||
Total | 1,803,200 | ||
The printer was sold at the end of Year 4 for $4,300.
Exercise 8-10A Part b
b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.)
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