Question: Required information Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 (The following information applies to the questions displayed below.)
Required information Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 (The following information applies to the questions displayed below.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,780. The printer is expected to have a four-year useful life and a $3,300 salvage value. The expected print production is estimated at $1,777,700 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 549,000 484,600 378,500 391,600 1,803,700 The printer was sold at the end of Year 4 for $3,800. Exercise 8-10A 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.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation $ 0
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