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please help me on these!!! I need the correct answers please! its only one question thank you so mich!! Required information Exercise 8-10A (Algo) Double-declining-balance
please help me on these!!! I need the correct answers please! its only one question thank you so mich!!
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 $35,070. The printer is expected to have a four-year useful life and a $3,600 salvage value. The expected print production is estimated at $1,764,600 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year Year 4 Total 545,300 484.600 378,000 386,700 1,794,600 The printer was sold at the end of Year 4 for $3,800. Exercise 8-10A (Algo) Part a Exercise 8-10A (Algo) Parta 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 Exponse Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $ 0 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 $ 0 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 Step by Step Solution
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