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Required information (The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of Year 1

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Required information (The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $37020. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at $1776,400 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 550,400 476,100 384,400 386,500 1,797,400 The printer was sold at the end of Year 4 for $4,000. 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 The following information applies to the questions displayed below.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $37020. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at $1776,400 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 550,400 476,100 384,400 386.500 1,797,400 The printer was sold at the end of Year 4 for $4,000 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 $ Required information The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $37,020. The printer is expected to have a four-year useful life and a $3.500 salvage value. The expected print production is estimated at $1776,400 pages. Actual print production for the four years was as follows: Yen 1 Year 2 Year 3 Year 4 Total 550,400 476,100 384,400 386.500 1.797,400 The printer was sold at the end of Year 4 for $4,000. c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB Units of production

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