Required Information Exercise 8 10a Double Declining Balance And Units Of Production Depreciation Gain Or Loss On Dis 1 (249.72 KiB) Viewed 26 times
Required Information Exercise 8 10a Double Declining Balance And Units Of Production Depreciation Gain Or Loss On Dis 2 (41.35 KiB) Viewed 26 times
! Required information Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 [The following information applies to the questions displayed below.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,580. The printer is expected to have a four-year useful life and a $3,400 salvage value. The expected print production is estimated at $1,779,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 554,100 479,400 379,900 390,600 1,804,000 The printer was sold at the end of Year 4 for $3,850. 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.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $
Exercise 8-10A Part b 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 Year 4 Total accumulated depreciation
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
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