Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following information applies to the questions displayed below] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,610. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,785,000 pages. Actual print production for the four years was as follows. Year 11 Year 2 550,100 484,800 Year 3 378,100 Year 4 393,000 Total 1,806,000 The printer was sold at the end of Year 4 for $3,750. Exercise 8-10A (Algo) Part a Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round Intermediate calculations. Round your answers to the nearest whole dollar amount.) Depreciation Expense 4 Year 1) Year 2 Year 3 Year 4 Total accumulated depreciation $ Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following information applies to the questions displayed below] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,610. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,785,000 pages. Actual print production for the four years was as follows. Year 1 550,100 Year 2 484,800 Year 3 378,100 Year 4 393,000 Total 1,806,000 The printer was sold at the end of Year 4 for $3,750 Exercise 8-10A (Algo) Part b b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $ < Prev 13 14 of 14 Next > Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following Information applies to the questions displayed below] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,610. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,785,000 pages. Actual print production for the four years was as follows. 550,100 Year 1 Year 2 484,800 Year 3 378,100 Year 4 393,000 Total 1,806,000 The printer was sold at the end of Year 4 for $3,750 Exercise 8-10A (Algo) Part c c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Double Declining Balance Units of Production