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help with all please (The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of
help with all please
(The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,370. The printer is expected to have a four-year useful life and a $3,100 salvage value. The expected print production is estimated at $1772,100 pages. Actual print production for the four years was as follows. Year Year 2 Year 3 Year Total 548,100 477,400 384,000 390.600 1,800,100 The printer was sold at the end of Year 4 for $3,600 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 Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,370. The printer is expected to have a four-year useful life and a $3,100 salvage value. The expected print production is estimated at $1.772,100 pages. Actual print production for the four years was as follows. Year 540,100 Year 2 477,400 Year 3 304,000 Year 390.600 Total 1,000,100 The printer was sold at the end of Year 4 for $3,600 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 Required information The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,370. The printer is expected to have a four-year useful life and a $3,100 salvage value. The expected print production is estimated at $1,772,100 pages. Actual print production for the four years was as follows. Year 1 Year 2 Year 3 Year 4 Total 548, 100 477,400 384,000 390.600 1,800, 100 The printer was sold at the end of Year 4 for $3,600 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 Step by Step Solution
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