Graphics Service Co. purchased a new color copier at the beginning of 2014 for $35,510. The copier is expected to have a five-year useful life and a $5,810 salvage value. The expected copy production was estimated at 2,000,000 copies. Actual copy production for the five years was as follows:

2014	550,300
2015	476,100
2016	382,900
2017	390,100
2018	240,200
Total	2,039,600

The copier was sold at the end of 2018 for $5,910.

References

Section BreakExercise 6-10 Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 6-3, 6-4

9.

value: 5.00 points

Required information

Exercise 6-10 Part a

Required

a.	Compute the depreciation expense for each of the five years, using double-declining-balance depreciation. (Round your intermediate calculations and final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required.)

References

eBook & Resources

WorksheetDifficulty: 3 HardLearning Objective: 06-04 Determine how gains and losses on disposals of long-term operational assets affect financial statements.

Exercise 6-10 Part aLearning Objective: 06-03 Explain how different depreciation methods affect financial statements.

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10.

value: 5.00 points

Required information

Exercise 6-10 Part b

Required

b.	Compute the depreciation expense for each of the five years, using units-of-production depreciation. (Round intermediate calculations to 3 decimal places. Round your final answers to nearest dollar amount.)

References

eBook & Resources

WorksheetDifficulty: 3 HardLearning Objective: 06-04 Determine how gains and losses on disposals of long-term operational assets affect financial statements.

Exercise 6-10 Part bLearning Objective: 06-03 Explain how different depreciation methods affect financial statements.

Ask your instructor a questionCheck my work

11.

value: 4.00 points

Required information

Exercise 6-10 Part c

c.	Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.