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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,270. 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 $35,270. The printer is expected to have a four-year useful life and a $3,000 salvage value. The expected print production is estimated at $1,767,900 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 547,100 478,400 384,700 385,700 1,795,900 The printer was sold at the end of Year 4 for $3,150. Required: a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation Depreciation Expense $ 0
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