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 $38,600. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,788,000 pages. Actual print production for the four years was as follows:

Year 1		554,500
Year 2		481,600
Year 3		384,200
Year 4		388,700
Total		1,809,000

The printer was sold at the end of Year 4 for $3,550.

c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.