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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,600....

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Accounting

Exact Photo Service purchased a new color printer at thebeginning of Year 1 for $38,600. The printer is expected to have afour-year useful life and a $3,400 salvage value. The expectedprint production is estimated at $1,788,000 pages. Actual printproduction for the four years was as follows:

Year 1554,500
Year 2481,600
Year 3384,200
Year 4388,700
Total1,809,000


The printer was sold at the end of Year 4 for $3,550.

Required
a. Compute the depreciation expense for each of the fouryears, using double-declining-balance depreciation.

Answer & Explanation Solved by verified expert
3.7 Ratings (460 Votes)
The double declining balance method is an accelerated depreciation methodUsing this method depreciation is calculated using Book Value at the beginning of    See Answer
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