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 $38.320. The printer is expected to have a four-year useful life and a $3,000 salvage value. The expected print production is estimated at $1772,700 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 554,100 475, 100 378, 800 387,700 1,795,700 The printer was sold at the end of Year 4 for $3,350. Exercise 8-10A Part a Required 0. 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.) Answer is complete but not entirely correct. Depreciation Expense Year 1 19,100 Your 2 9,580 Your 4,790 Yoara 2,395 X Total accurated depreciation $ 35,925 Return to question 4 ! Part 2 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 $38,320 The printer is expected to have a four-year useful life and a $3,000 salvage value. The expected print production is estimated at $1772,700 pages. Actual print production for the four years was as follows 16.66 pont Year a Year Year Total 554,100 475.100 378,800 387,700 1,795,700 The printer was sold at the end of Year 4 for $3,350, 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.) Answer is complete but not entirely correct. Depreciation Expenso Year 1 S 11,082 Year 2 9,502 Year 3 7576 Your 7.754 X Total accumulated depreciation 35,914 5 Part 33 1666 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 $38,320. The printer is expected to have a four-year useful life and a $3,000 salvage value. The expected print production is estimated at $1772,700 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 2 Year i 554,100 475,100 378,800 387,200 1,195,700 Total P The printer was sold at the end of Year 4 for $3.350. Exercise 8-10A Part c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods S 000 Units of production 955 Gain Gan
