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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

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[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

  1. 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

  1. 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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