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Required information Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 [The following information applies to the questions displayed below.]
Required information Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 [The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,620. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,780,700 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 553,900 484,800 375,600 390,400 1,804,700 Total The printer was sold at the end of Year 4 for $3,400. Exercise 8-10A Part a Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation Required information Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 [The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,620. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,780,700 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 553,900 484,800 375,600 390,400 1,804,700 Total The printer was sold at the end of Year 4 for $3,400. Exercise 8-10A Part b b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $
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