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 $38,500. The printer is expected to have a four-year useful life and a $3,850 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 Year 2 Year 3 Year 4 Total 545,900 481,600 378,400 388,200 1,794,100 The printer was sold at the end of Year 4 for $4,150. 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. 0.5 points Required A Required B Required C 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 19.250 $ 9,625 Year 1 Year 2 Year 3 Year 4 IS 4,813 S 962 0.5 points Complete this question by entering your answers in the tabs below. Required A Required B Required C 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.) Year 1 Year 2 Year 3 Year 4 Units-of- Production s 12,556 $ 11,077 $ 8,703