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 $40,600. The printer is expected to have a four-year useful life and a $4.060 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 551,200 476,700 379, 380 391,800 1,799,000 The printer was sold at the end of Year 4 for $4,360. 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. Answer is complete but not entirely correct. 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 20,300 $ $ 10.150 Year 1 Year 2. Year 3 Year 4 $ 5,075 $ 1,015 Nord A Required B > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required. 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 21.150 10,575 Year 1 $ Year 2 S Year 3 S 5.288 3.595 Year 4 5