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

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 $38,000. The printer is expected to have a four-year useful life and a $3,500 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 Year 2 Year 3 Year 4 390,000 410,000 420,000 300,000 1,520,000 Total The printer was sold at the end of Year 4 for $1.650. Exercise 8-10A Part c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. DDB Units-of-production

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