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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42,200. The printer is expected to have a four-year useful

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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $42,200. The printer is expected to have a four-year useful life and a $4,220 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 554,600 479,000 380,000 391,800 1,895,400 The printer was sold at the end of Year 4 for $4,620. 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

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