[The following information applies to the questions displayed below) The following events apply to Gulf Seafood for the Year 1 fiscal year. 1. The company started when it acquired $20,000 cash by issuing common stock 2. Purchased a new cooktop that cost $12,800 cash. 3. Earned $23,600 in cash revenue. 4. Paid $10,200 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2,900. Use straight-line depreciation. The adjustment was made as of December 31, Year 1 b. What amount of depreciation expense would Gulf Seafood report on the Year 1 income statement? Deration to Required information [The following information applies to the questions displayed below.) The following events apply to Gulf Seafood for the Year 1 fiscal year. 1. The company started when it acquired $20,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $12,800 cash 3. Earned $23,600 in cash revenue. 4. Paid $10,200 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1. the cooktop has an expected useful life of four years and an estimated salvage value of $2,900. Use straight-line depreciation. The adjustment was made as of December 31, Year 1, c. What amount of accumulated depreciation would Gulf Seafood report on the December 31, Year 2, balance sheet? Acum potion 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 $37,390. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,772,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 547,000 482,600 377,400 389,000 1,796,000 The printer was sold at the end of Year 4 for $3,700. 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 Expanse Year 1 Year 2 [Year 3 Yoara Total documulated depreciation 5 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 $37,390. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,772,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 547,000 482,600 377,400 389,000 1,796,000 The printer was sold at the end of Year 4 for $3,700 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 (Year 2 Year 3 Your 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 $37,390. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1.772,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 547,000 482,600 377,400 389,000 1,796,000 The printer was sold at the end of Year 4 for $3,700 c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB Units-of-production