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[The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,400. The

[The following information applies to the questions displayed below.]

Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,400. The printer is expected to have a four-year useful life and a $1,696 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:

2018 547,700
2019 483,400
2020 377,200
2021 389,400
Total 1,797,700

The printer was sold at the end of 2021 for $2,096.

  1. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round your intermediate calculations. Round final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required.)

b.Compute the depreciation expense for each of the four years, using units-of-production depreciation

  1. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. (Amounts to be deducted should be indicated with minus sign.

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