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 $39,690. The printer is expected to have a four-year useful life and a $3,600 salvage value. The expected print production is estimated at $1,777,400 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 548,400 477,000 382,700 393,300 1,801,400 The printer was sold at the end of Year 4 for $3,800. 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 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 [The following information applies to the questions displayed below.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,690. The printer is expected to have a four-year useful life and a $3,600 salvage value. The expected print production is estimated at $1777,400 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 548,400 477,000 382,700 393,200 1,801,400 The printer was sold at the end of Year 4 for $3,800. 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 You 2 Year 3 Year 4 Total accumulated depreciation S 0 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 $39,690. The printer is expected to have a four-year useful life and a $3,600 salvage value. The expected print production is estimated at $1777,400 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 548,400 477,000 382,700 393,300 1,801,400 The printer was sold at the end of Year 4 for $3,800 c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DOB Units-ofproduction
