Question
Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4, 8-5 Skip to question [The following information applies to the
Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4, 8-5
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[The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,500. The printer is expected to have a four-year useful life and a $3,700 salvage value. The expected print production is estimated at $1,772,400 pages. Actual print production for the four years was as follows:
Year 1 | 548,600 | ||
Year 2 | 477,100 | ||
Year 3 | 380,700 | ||
Year 4 | 386,000 | ||
Total | 1,792,400 | ||
The printer was sold at the end of Year 4 for $4,100.
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.)
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