Question
Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,800. The printer is expected to have a four-year useful life
Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,800. The printer is expected to have a four-year useful life and a $1,712 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
2018 | 545,300 |
2019 | 479,400 |
2020 | 383,200 |
2021 | 385,600 |
Total | 1,793,500 |
The printer was sold at the end of 2021 for $2,112.
Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round your intermediate calculations. Round final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required.)
Double-Declining Balance | |
2018 | |
2019 | |
2020 | |
2021 |
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