2-10 Calculate double-declining-balance depreciation and show how it affects financial statements . 2-11 Calculate units-of-production depreciation...

 

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2-10 Calculate double-declining-balance depreciation and show how it affects financial statements . 2-11 Calculate units-of-production depreciation and show how it affects financial statements 2-12 Show how gains and losses on disposals of long-term operational assets affect financial statements Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,900. The printer is expected to have a four-year useful life and a $3,990 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 546,500 Year 2 477,600 Year 3 376,500 Year 4. 393,100 Total 1,793,700 The printer was sold at the end of Year 4 for $4,290. 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. 2-10 Calculate double-declining-balance depreciation and show how it affects financial statements . 2-11 Calculate units-of-production depreciation and show how it affects financial statements 2-12 Show how gains and losses on disposals of long-term operational assets affect financial statements Exact Photo Service purchased a new color printer at the beginning of Year 1 for $39,900. The printer is expected to have a four-year useful life and a $3,990 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 546,500 Year 2 477,600 Year 3 376,500 Year 4. 393,100 Total 1,793,700 The printer was sold at the end of Year 4 for $4,290. 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.