Question: Required information Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4, 8-5 Skip to question [The following information applies
Required information
Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4, 8-5
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[The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,010. The printer is expected to have a four-year useful life and a $3,700 salvage value. The expected print production is estimated at $1,781,800 pages. Actual print production for the four years was as follows.
| Year 1 | 550,800 |
|---|---|
| Year 2 | 478,500 |
| Year 3 | 381,600 |
| Year 4 | 393,900 |
| Total | 1,804,800 |
The printer was sold at the end of Year 4 for $3,950.
Exercise 8-10A (Algo) Part a
Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)
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