PLEASE ANSWER ALL THREE QUESTIONS BELOW Exact Photo Service purchased a new color printer...
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PLEASE ANSWER ALL THREE QUESTIONS BELOW
Exact Photo Service purchased a new color printer at the beginning of Year for $ The printer is expected to have a fouryear useful life and a $ salvage value. The expected print production is estimated at $ pages. Actual print production for the four years was as follows:
Year
Year
Year
Year
Total
a Compute the depreciation expense for each of the four years, using doubledecliningbalance depreciation.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
b Compute the depreciation expense for each of the four years, using unitsofproduction depreciation.
Note: Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.
The printer was sold at the end of Year for $
c Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.
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