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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 $35,520. The printer is expected to have a four-year useful life and a $3,100 salvage value. The expected print production is estimated at $1,768,600 pages. Actual print production for the four years was as follows. Year 1 Year 2 Year 3 Year 4 Total 549, 700 478,600 380,000 385, 300 1,793,600 The printer was sold at the end of Year 4 for $3,450. 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 $ 0 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 0 c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Double Declining Balance Units of Production Gain Loss

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