Problem: Module 2 Textbook Problem 15 Learning Objectives: 2-10 Calculate double-declining-balance depreciation and show how it affects financial statements 2-11 Calculate units-of-production depreciation and show how it affects financial statements 2-12 Show how gains and losses on disposals of long-term operational assets affect financial statements Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,700. The printer is expected to have a four-year useful life and a $3,970 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 549,000 Year 2 479,000 Year 3 378,500 Year 4 389,900 Total 1,796,400 The printer was sold at the end of Year 4 for $4,370. 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. 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.