Answer Happy

Exact Photo Service purchased a new color printer at the
beginning of Year 1 for $36,590. The printer is expected to have a
four-year useful life and a $3,600 salvage value. The expected
print production is estimated at $1,784,300 pages. Actual print
production for the four years was as follows: Year 1 549,500 Year 2
478,800 Year 3 383,000 Year 4 393,000 Total 1,804,300 The printer
was sold at the end of Year 4 for $4,050.
Exercise 8-10A
Part a 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.)
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.)
c. Calculate the amount of gain or loss
from the sale of the asset under each of the depreciation
methods.
c. Calculate the amount of gain or loss
from the sale of the asset under each of the depreciation
methods.