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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
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 $39,880. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,772,200 pages. Actual print production for the four years was as follows. Year 1 553,900 Year 2 477,800 Year 3 375,900 Year 4 391,600 Total 1,799,200 The printer was sold at the end of Year 4 for $3,600. 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
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