Problem: Module 2 Textbook Problem 15 Learning Objectives: - 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 $39,800. The printer is expected to have a four-year useful life and a $3,980 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: The printer was sold at the end of Year 4 for $4,430. 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 goin or loss from the sale of the asset under each of the depreciation methods