Exact Photo Service purchased a new color printer at the beginning of 2016 for $38,000. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:

2016:390,000 2017:410,000 2018:420,000 2019:300,000 Total:1,520,000

The printer was sold at the end of 2019 for $1,650.

A.Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.

2016:

2017:

2018:

2019:

Total accumlated depreciated:

B.Compute the depreciation expense for each of the four years, using units-of-production depreciation.

2016:

2017:

2018:

2019:

Total accumlated depreciated:

C.Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB: Units-of-production