Question
[The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of 2018 for $40,400. The
[The following information applies to the questions displayed below.]
Exact Photo Service purchased a new color printer at the beginning of 2018 for $40,400. The printer is expected to have a four-year useful life and a $1,616 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
2018 | 545,500 |
2019 | 480,700 |
2020 | 378,800 |
2021 | 387,900 |
Total | 1,792,900 |
The printer was sold at the end of 2021 for $1,916.
Required
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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.)
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