Question
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,190. 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 $39,190. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at $1,780,600 pages. Actual print production for the four years was as follows:
Year 1 | 547,100 |
---|---|
Year 2 | 482,100 |
Year 3 | 383,500 |
Year 4 | 389,900 |
Total | 1,802,600 |
The printer was sold at the end of Year 4 for $3,850.
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.
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