Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700....
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Accounting
Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700. The printer is expected to have a four-year useful life and a $1,708 salvage value. The expected print production is estimated at 1,500,000 pages.
Actual print production for the four years was as follows:
2018:553,300
2019: 480,600
2020: 380,600
2021: 390,100
Total: 1,804,600
The printer was sold at the end of 2021 for $1,858.
Compute the depreciation expense for each of the four years, using units-of-production depreciation.
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