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Exact Photo Service purchased a new color printer at the beginning of Year $1$ for $\backslash (\backslash$$ $38,000\backslash ).$ The printer is expected to have a four$-$year useful life and a $\backslash (\backslash$$ $3,500\backslash )$ salvage value. The expected print production is estimated at $1,500,000$ pages. Actual print production for the four years was as follows:

$\backslash$begin$\{$tabular$\}\{|$rr$|$rr$|\}$

$\backslash$hline$\backslash (\backslash$$ $\backslash )$ & $38,000$ & $\backslash (\backslash$$ $\backslash )$ & $3,500\backslash \backslash$

$\backslash$hline & $\backslash (1,500,000\backslash )$ & & $4\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Required

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

Note: Use cells A$2$ to G$11$ from the given information to complete this question.

Note: You may enter the hardcoded number $"2"$ when calculating the depreciation expense.

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

Note: Use cells A$2$ to G$11$ from the given information to complete this question.

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

Note: Use cells A$2$ to G$11$ from the given information to complete this question.

Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment.

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