Exercise $6-10$A $($Algo$)$ Double$-$declining$-$balance and units$-$of$-$production depreciation: gain or loss on disposal LO $6-3,6-4,6-5$

Exact Photo Service purchased a new color printer at the beginning of Year $1$ for $$39,500.$ The printer is expected to have a four$-$year useful life and a $$3,950$ salvage value. The expected print production is estimated at $1,500,000$ pages. Actual print production for the four years was as follows:

Year $1545,600$

Year $2479,800$

Year $3384,300$

Year $4388,100$

Total $1,797,800$

The printer was sold at the end of Year $4$ for $$4,200.$

Required

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

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

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