Exact Photo Service purchased a new color printer at the beginning of 2016 for $38,000. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:

2016 ...... 390,000

2017 ....... 410,000

2018 ...... 420,000

2019 ...... 300,000

Total ......1,520,000

The printer was sold at the end of 2019 for $1,650.

Required

a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.

b. Compute the depreciation expense for each of the four years, using units-of-production depreciation.

c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.