Graphics Service Co. purchased a new color copier at the beginning of 2013 for $47,000. The copier is expected to have a five-year useful life and a $7,000 salvage value. The expected copy production was estimated at 2,000,000 copies. Actual copy production for the five years was as follows:

2013 ........ 560,000

2014 ........ 490,000

2015 ........ 430,000

2016 ........ 350,000

2017 ........ 210,000

Total ........2,040,000

The copier was sold at the end of 2017 for $7,600.

Required

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

b. Compute the depreciation expense for each of the five years, using units-of-production depreciation. (Round cost per unit to three decimal places.)

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