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help plez Exact Photo Service purchased a new color printer at the beginning of Year for $41700. The printer is expected to have a four
help plez
Exact Photo Service purchased a new color printer at the beginning of Year for $41700. The printer is expected to have a four year useful life and a $4170 salvage value. The expected print production is estimated at 1500,000 pages Actual print production for the four years was as follows Year Yeon Year Year 4 Total 549,200 434,700 325300 39,400 1,802,600 The printer was sold at the end of Year 4 for $4.520 Required a. Compute the depreciation expense for each of the four years, using double declining balance depreciation b. Compute the depreciation expense for each of the four years, using units of production depreciation s Calculate the amount of gain or loss from the sale of the asset under each of the depreciation method a. Compute the depreciation expense for each of the four years, using double-declining balance depreciation b. Compute the depreciation expense for each of the four years, using units-of-production depreciation c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the depreciation expense for each of the four years, using double-declining balance depreciation. (Do not round your intermediate calculations. Round final answers to the nearest whole dollar amount.) Double Declining Balance Yoar 1 Year 2 Year 3 Year 4 depreciation expense for each of the four years, using double-declining-balance depreciation b. Compute the depreciation expense for each of the four years, using units-of-production depreciation c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the depreciation expense for each of the four years, using units-of-production depreciation (Round cost per unit to three decimal places. Round other intermediate calculations and your final answers to the nearest dollar) Units of Production Year 1 Year 2 Year 3 Year 4 a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation b. Compute the depreciation expense for each of the four years, using units-of-production depreciation c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. (Amounts to be deducted should be indicated with minus sign) Amount Effect Depreciation Methods Double-Declining Balance Units-of-Production Step by Step Solution
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