Question
Question 1 Required information Skip to question [The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at
Question 1
Required information
Skip to question
[The following information applies to the questions displayed below.]
Exact Photo Service purchased a new color printer at the beginning of 2018 for $41,900. The printer is expected to have a four-year useful life and a $1,676 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
2018 | 546,900 |
2019 | 477,100 |
2020 | 376,800 |
2021 | 390,700 |
Total | 1,791,500 |
The printer was sold at the end of 2021 for $1,876.
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. Leave no cells blank - be certain to enter "0" wherever required.)
Question 2
Required information
Skip to question
[The following information applies to the questions displayed below.]
Exact Photo Service purchased a new color printer at the beginning of 2018 for $41,900. The printer is expected to have a four-year useful life and a $1,676 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
2018 | 546,900 |
2019 | 477,100 |
2020 | 376,800 |
2021 | 390,700 |
Total | 1,791,500 |
The printer was sold at the end of 2021 for $1,876.
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 your final answers to nearest dollar amount.)
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