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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 Year 1 for $35,070.
[The following information applies to the questions displayed below) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,070. The printer is expected to have a four-year useful life and a $3.400 salvage value. The expected print production is estimated at $1764,700 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year Year 4 Total 552,200 475,500 379,300 387,00 1,794,700 56 arded The printer was sold at the end of Year 4 for $3,700. Exercise 8-10A Porta 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.) You 1 Year 2 Year 3 Year 4 Total accumulated depreciation Depreciation Expense 17 535 8.768 8384 2,192 5 32 879 ere to search & 5 6 7 3 4. 8. W ER The printer was sold at the en 3/16.66 ats awarded Scored Exercise 8-10A Part b eBook 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.) Hint Depreciation Expense Year 1 $ 9,940 Year 2 8,559 Year 3 6,827 Year 4 6,979 Total accumulated depreciation IS 32 305 Vandicates no response aspecten alor sem calculation Ini Ducted ME The printer was sold at the end of Year 4 for $3,700. Exercise 8-10A Part c c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB Units-of-production 1,509 X Gain 935 Gain $ ere to search
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