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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 $38,000. The printer is expected to have a four year useful life and a $3,500 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 390,000 410, eee 420,000 300,000 1,520,000 The printer was sold at the end of Year 4 for $1,650. b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round decimal places and final answers to the nearest whole dollar amount.) Depreciation $ 8.070 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 $38.000. The printer is expected to have a four year useful life and a $3.500 salvage value. The expected print production is estimated at 1.500.000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 390,000 410,000 420,000 300,000 1,520,000 The printer was sold at the end of Year 4 for $1.650. 6. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Units of production

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