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Required information (The following information applies to the questions displayed below.) Exact Photo Service purchased...

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Accounting

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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 $37,170. The printer is expected to have a four-year useful life and a $3,200 salvage value. The expected print production is estimated at $1,778,100 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 550,400 481,100 376,900 391,700 1,800,100 The printer was sold at the end of Year 4 for $3,600. 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 Yoar 3 Year 4 Total accumulated depreciation 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 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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