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Required information Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following information applies to the questions displayed

Required information Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3,8-4, 8-5 [The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,590. The printer is expected to have a four-year useful life and a $3,100 salvage value. The expected print production is estimated at $1,787,500 pages. Actual print production for the four years was as follows. Year 1 Year 2 550,900 483,700 Year 3 379,100 Year 4 393,800 Total 1,807,500 The printer was sold at the end of Year 4 for $3,350. Exercise 8-10A (Algo) Part c c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Double Declining Balance Units of Production

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