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 $36,700. The printer is expected to have a four-year useful life and a $3,200 salvage value. The expected print production is estimated at $1,765,200 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 545,000 477,300 378,200 393,700 1,794,200 The printer was sold at the end of Year 4 for $3,450. 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 Expenso Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $ Required information 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 $36,700. The printer is expected to have a four-year useful life and a $3,200 salvage value. The expected print production is estimated at $1,765,200 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 545,800 477,300 378,200 393,700 1,794,200 The printer was sold at the end of Year 4 for $3,450. 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 $ S ca 9 of 9 1 Next > er mv 0 Required information 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 $36700. The printer is expected to have a four-year useful life and a $3,200 salvage value. The expected print production is estimated at $1,765,200 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 545,000 477,300 378,200 393,700 1,794,200 The printer was sold at the end of Year 4 for $3,450. Exercise 8-10A (Algo) Part c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB Units-of-production
